242. 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.
Indian Penal Code, 1860
Section 242: Possession of counterfeit coin by person who knew it to be counterfeit when he became possessed thereof
Repealed. Repealed from 1 July 2024. Use it for offences committed before repeal and other liabilities, investigations or proceedings preserved by BNS section 358; do not use it as the current general penal code.
Chapter XII — Of Offences Relating to Coin and Government Stamps