What is Section 243 IPC? Possession of Indian coin by person who knew it to be counterfeit when he became possessed
Published on: Lawiz Team
Learn about Section 243 IPC: Possession of Indian coin by person who knew it to be counterfeit when he became possessed
Official Legal Text
Whoever, fraudulently or with intent that fraud may be committed, is in possession of counterfeit Indian coin, knowing or having reason to believe the same to be counterfeit and having known or believed the same to be counterfeit at the time when he became possessed thereof, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine.
What This IPC Section Means – Explained in Simple Words
Section 243 punishes anyone who possesses a counterfeit Indian coin, knowing it to be counterfeit at the time they obtained it.
Purpose
To prevent the possession and possible circulation of counterfeit Indian coins.
Bailable or Not Bailable & Punishment
Bailable: Non-Bailable, Punishment: Imprisonment up to 7 years, and fine.
Key Elements
1. The person must possess a counterfeit Indian coin. 2. They must know it is counterfeit at the time they obtained it.
Punishment Details
Imprisonment for life, or imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.
Legal Defenses
If the person can prove they were unaware of the counterfeit nature of the coin.
Judicial Interpretation
Courts focus on the knowledge of the counterfeit nature of the coin at the time of possession.
Illustration
If a person receives a fake Indian coin knowing it is counterfeit but keeps it, they can be punished under Section 243.
FAQs
What does Section 243 IPC define?
Possession of Indian coin by person who knew it to be counterfeit when he became possessed thereof.
Where is Section 243 IPC applicable?
It deals with offences involving possession of indian coin by person who knew it to be counterfeit when he became possessed thereof and safeguarding judicial and monetary integrity.
Why is Section 243 IPC important?
It protects the authenticity of judicial processes, coinage, and public administration.
Can you provide an example involving Section 243 IPC?
Examples include counterfeiting coins, false judicial acts, and breach of legal procedures.
What punishment is prescribed under Section 243 IPC?
Punishment may include imprisonment, fine, or both, depending on the seriousness of the offence.
Is Section 243 IPC linked with other IPC provisions?
Yes, especially with sections related to fraud, public justice, and financial crimes.
How do courts interpret Section 243 IPC?
Courts interpret these sections strictly to uphold honesty, justice, and trust in legal and financial systems.