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

Indian Penal Code, 1860

Statutory 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.

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