Possession of counterfeit coin by person who knew it to be counterfeit when he became possessed thereof. 243. Possession of Indian coin by person who knew it to be counterfeit when he became possessed thereof. 252. Possession of coin by person who knew it to be altered when he became possessed thereof. 253. Possession of Indian coin by person who knew it to be altered when he became possessed thereof. 259. Having possession of counterfeit Government stamp. 489C. Possession of forged or counterfeit currency- notes or bank-notes
Section 242 of the Indian Penal Code, 1860 (Possession of counterfeit coin by person who knew it to be counterfeit when he became possessed thereof. 243. Possession of Indian coin by person who knew it to be counterfeit when he became possessed thereof. 252. Possession of coin by person who knew it to be altered when he became possessed thereof. 253. Possession of Indian coin by person who knew it to be altered when he became possessed thereof. 259. Having possession of counterfeit Government stamp. 489C. Possession of forged or counterfeit currency- notes or bank-notes) corresponds to Section 180 of the Bharatiya Nyaya Sanhita, 2023, in force from 1 July 2024. Under the BNSS First Schedule, BNS 180 is cognizable, non-bailable, triable by Court of Session; punishment: Imprisonment for 7 years, or fine, or both.
Source: BNSS, 2023, First Schedule, Part I.
The BNS applies to offences committed on or after 1 July 2024. Offences committed earlier are charged and tried under the IPC.
180. Whoever has in his possession any forged or counterfeit coin, stamp, currency-note or bank-note, knowing or having reason to believe the same to be forged or counterfeit and intending to use the same as genuine or that it may be used as genuine, shall be punished with imprisonment of either description for a term which may extend to seven years, or with fine, or with both.
Explanation.—If a person establishes the possession of the forged or counterfeit coin, stamp, currency-note or bank-note to be from a lawful source, it shall not constitute an offence under this section.
11 of 2011.