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INDIAN KANOON SECTION 243 IPC - Indian Penal Code - Possession of Indian coin by person who knew it to be counterfeit when he became possessed thereof

  • Description

    Whoever, fraudulently or with intent that fraud may be committed, is in possession of counterfeit coin, which is a counterfeit of Indian coin, having known at the time when he became possessed of it that it was counterfeit, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine.


    Applicable Offences

    Possession of Indian coin by a person who knew it to be counterfeit when he became possessed thereof
    Punishment - 7 Years + Fine
    This is a Non-Bailable, Cognizable offence and triable by Magistrate First Class

    This offence in NOT compoundable.


    1.If an offence is cognizable, police has the authority to arrest the accused without a warrant and to start an investigation with or without the permission of a court. Otherwise police does not have the authority to arrest the accused without a warrant and an investigation cannot be initiated without a court order.

    2.If an offience is bailable, police has the authority to release the accused on bail on getting the defined surety amount along with a duly filled bail bond at the concerned police station. Otherwise arrested person has to apply for bail before a magistrate or court

    3. If an offence is compoundable, a compromise can be done between the accused and the victim, and a trial can be avoided. Otherwise, No compromise is allowed between the accused and the victim except under certain situations, where the High Court or the Supreme Court have the authority for quashing a matter.

Find the best lawyer for IPC Section 243 charges

Criminal Lawyers in

Advocate Arjun Vinod Bobde

  Supreme Court of India
 Experience: 16 years


Advocate Nagesh B L

  Nagarathpete
 Experience: 23 years


Advocate Prashant Mendiratta

  Lajpat Nagar 4
 Experience: 24 years


Advocate Vara Prasada Rao Tangrda

  Moosarambagh
 Experience: 17 years


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