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.

Old <-> New Code Mapping

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