Whoever, fraudulently or with intent that fraud may be committed, is in possession of counterfeit coin, having known at the time when he became possessed thereof that such coin was counterfeit, shall be punished with imprisonment of either description for a term which may extend to three years, and shall also be liable to fine.
CHAPTER XII OF OFFENCES RELATING TO COIN AND GOVERNMENT STAMPS
Section 242: Possession of counterfeit coin by person who knew it to be counterfeit when he became possessed thereof
The Indian Penal Code, 1860 (repealed)
Repealed by the Bharatiya Nyaya Sanhita, 2023 (45 of 2023) with effect from 1 July 2024.
Now in the BNS
As given in the correspondence table of the National Crime Records Bureau (Ministry of Home Affairs). Read both texts before relying on it. NCRB table
| 242. Possession of counterfeit coin by person who knew it to be counterfeit when he became possessed thereof. 243. Possession of Indian coin by person who knew it to be counterfeit when he became possessed thereof. 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. 259. Having possession of counterfeit Government stamp. 489C. Possession of forged or counterfeit currency-notes or bank-notes. | BNS 180 |