IPC Section 253 — Possession of Indian coin by person who knew it to be altered when he became possessed thereof

Summary

If a person fraudulently or with the intention of helping someone commit fraud, keeps a coin that has been illegally altered or counterfeited (as described in sections 247 or 249), and they knew at the time they got the coin that it had been altered or counterfeited, they can be sent to prison for up to five years and also fined.

Official Text

Whoever fraudulently or with intent that fraud may be committed, is in possession of coin with respect to which the offence defined in either of the sections 247 or 249 has been committed having known at the time of becoming possessed thereof, that such offence had been committed with respect to such coin, shall be punished with imprisonment of either description for a term which may extend to five years, and shall also be liable to fine.

Sections referred to

• IPC §247 — Fraudulently or dishonestly diminishing weight or altering composition of Indian coin

Old <-> New Code Mapping

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