IPC Section 243: Possession of Indian coin by person who knew it to be counterfeit when he became possessed thereof
Indian Penal Code, 1860 · Chapter 12: Offences relating to coin and Government Stamps
Repealed on 1 July 2024 and replaced by the Bharatiya Nyaya Sanhita, 2023 (BNS).
Whoever, fraudulently or with intent that fraud may be committed, is in possession of counterfeit coin, which is a counterfeit of 1[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.
CLASSIFICATION OF OFFENCE
Punishment-Imprisonment for 7 years and fine-Cognizable-Non-bailable-Triable by Magistrate of the first class-Non-compoundable.
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1. Subs. by the A.O. 1950, for "Queen`s coin".
Bare act text for reference, current to 30 June 2024. It is not legal advice; check the official gazette for authoritative text.
Other sections in this chapter
- 230. Coin defined
- 231. Counterfeiting coin
- 232. Counterfeiting Indian coin
- 233. Making or selling instrument for counterfeiting coin
- 234. Making or selling instrument for counterfeiting Indian coin
- 235. Possession of instrument, or material for the purpose of using the same for counterfeiting coin
- 236. Abetting in India the counterfeiting out of India of coin
- 237. Import or export of counterfeit coin
- 238. Import or export of counterfeits of the India coin
- 239. Delivery of coin, possessed with knowledge that it is counterfeit
- 240. Delivery of Indian coin, possessed with knowledge that it is counterfeit
- 241. Delivery of coin as genuine, which, when first possessed, the deliverer did not know to be counterfeit
- 242. Possession of counterfeit coin by person who knew it to be counterfeit when he became possessed thereof
- 244. Person employed in mint causing coin to be of different weight or composition from that fixed by law
- 245. Unlawfully taking coining instrument from mint
- 246. Fraudulently or dishonestly diminishing weight or altering composition of coin
- 247. Fraudulently or dishonestly diminishing weight or altering composition of Indian coin
- 248. Altering appearance of coin with intent that it shall pass as coin of different description
- 249. Altering appearance of Indian coin with intent that it shall pass as coin of different description
- 250. Delivery of coin, possessed with knowledge that it is altered
- 251. Delivery of Indian coin, possessed with knowledge that it is altered
- 252. Possession of coin by person who knew it to be altered when he became possessed thereof
- 253. Possession of Indian coin by person who knew it to be altered when he became possessed thereof
- 254. Delivery of coin as genuine, which, when first possessed, the deliverer did not know to be altered
- 255. Counterfeiting Government stamp
- 256. Having possession of instrument or material for counterfeiting Government stamp
- 257. Making or selling instrument for counterfeiting Government stamp
- 259. Having possession of counterfeit Government stamp
- 260. Using as genuine a Government stamp known to be a counterfeit
- 261. Effacing, writing from substance bearing Government stamp, or removing from document a stamp used for it, with intent to cause loss to Government
- 262. Using Government stamp known to have been before used
- 263. Erasure of mark denoting that stamp has been used
- 263A. Prohibition of fictitious stamps