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

Summary

If a person has a fake Indian coin and knows it is fake at the time they get it, and they keep it with the intention of using it to cheat someone or allowing someone else to cheat, they can be sent to prison for up to seven 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, which is a counterfeit of 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.

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