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SECTION 240 IPC - Indian Penal Code - Delivery of Indian coin, possessed with knowledge that it is counterfeit
Last Updated: 01 Jan, 2025
By Advocate Chikirsha Mohanty
(Eleven sections of IPC have been covered in this single section of BNS. Thus, in a single stroke, the number of section and offences has been reduced by ten.)
Please refer to BNS 179 for updated procedures & punishments.
IPC 240 in Simple Words
In simple words, Section 240 of the Indian Penal Code states that if someone knowingly possesses a counterfeit Indian coin and with the intent to commit fraud, gives or tries to persuade someone else to accept it, they can be imprisoned for up to ten years and fined.
| Offence | Punishment | Cognizance | Bail | Triable |
|---|---|---|---|---|
| Same with respect to Indian coin | 10 Years + Fine | Cognizable | Non-Bailable | Court of Session |
Offence : Same with respect to Indian coin
Punishment : 10 Years + Fine
Cognizance : Cognizable
Bail : Non-Bailable
Triable : Court of Session
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Frequently Asked Questions
What is Section 240 of IPC?
Anyone who, having a counterfeit coin that is a fake of Indian coins, and at the time he acquired it, knew it was a fake of Indian coins, fraudulently or with the intent to commit fraud, gives it to anyone, or tries to get someone to accept it, will be punished.
What is Section 241 of the IPC?
If you are caught attempting to pass off counterfeit coins as genuine or delivering them to someone else as genuine but knowing they were counterfeit, and did not know it at the time of taking possession of them, then you will be sentenced to imprisonment for either a year or a lifetime.
What is Section 244 of the IPC?
Anyone employed by a mint legally established in India who does anything, or fails to do what they are legally required to, with the intent to cause any coin issued to be of a weight or composition different from the weight and composition set forth in law shall be punished either with imprisonment or with a fine.
What is Section 250 of the Indian Penal Code?
Anyone who, knowing that the criminal offence as defined in section 246 or 248 was committed in relation to the coin, or that the fraud or intent to commit fraud had been committed in relation to the coin, gives such...
