Section 243 IPC-Dhara 243-Possession of Indian coin by person who knew it to be counterfeit when he became possessed thereof

Section 243 IPC-Dhara 243-Possession of Indian coin by person who knew it to be counterfeit when he became possessed thereof:

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.

 

------------------------------

 

1. Subs. by the A.O. 1950, for "Queen's coin".