IPC Section 240 — Delivery of Indian coin, possessed with knowledge that it is counterfeit

Summary

If a person has a counterfeit Indian coin and knows it is fake, and then gives that coin to someone else or tries to trick someone into accepting it, with the intention of committing fraud, that person can be sent to prison for up to ten years and may also have to pay a fine.

Official Text

Whoever having any counterfeit coin, which is a counterfeit of Indian coin, and which, at the time when he became possessed of it, he knew to be a counterfeit of Indian coin, fraudulently or with intent that fraud may be committed, delivers the same to any person, or attempts to induce any person to receive it, shall be punished with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.

Old <-> New Code Mapping

• BNS §179 — Using as genuine, forged or counterfeit coin, Government stamp, currency-notes or bank-notes