IPC Section 242 — Possession of counterfeit coin by person who knew it to be counterfeit when he became possessed thereof

Summary

If a person has a fake coin and knows it is fake at the time they get it, and they keep it either to commit fraud themselves or so that someone else can use it to commit fraud, they can be sent to prison for up to three years and also have to pay a fine.

Official Text

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.

Related Judgments

• S.C.R. 358 NIKESH TARACHAND SHAH v. UNION OF INDIA & ANR — Supreme Court of India (2017)
• DIPAKBHAI JAGDISHCHANDRA PATEL v. STATE OF GUJARAT AND ANOTHER — Supreme Court of India (2019)
• ...Petitioner vs K.P.S.Jayachandran — Madras High Court (2006)
• ... Petitioner vs 1. State by — Madras High Court (2018)
• ...Petitioner vs State represented by — Madras High Court (2010)
• CRL RC/425/2014 — Madras High Court (2014)
• SC (2025) Vol.10 p.131 — Supreme Court of India (2025)
• DELHI DEVELOPMENT AUTHORITY v. MRS. VIJA YA C. GURSHANEY AND ANR. AUGUST 26, 2003 B — Supreme Court of India (S)

Old <-> New Code Mapping

• BNS §180 — Possession of forged or counterfeit coin, Government stamp, currency-notes or bank-notes