What is Section 489A IPC? Counterfeiting Currency-Notes or Bank-Notes
Published on: Lawiz Team
Learn about Section 489A IPC: Meaning, scope, punishment, examples.
Official Legal Text
Whoever counterfeits, or knowingly performs any part of the process of counterfeiting any currency-note or bank-note, shall be punished with imprisonment for life, or with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.
What This IPC Section Means – Explained in Simple Words
Section 489A punishes anyone who counterfeits or creates fake currency-notes or bank-notes with the intent to deceive.
Purpose
To prevent the creation of fake currency or bank-notes, which can damage the financial system and economy.
Bailable or Not Bailable & Punishment
Bailable: Non-Bailable, Punishment: Imprisonment for life, or imprisonment up to 10 years, and fine.
Key Elements
1. The currency-note or bank-note must be counterfeit. 2. It must be created, printed, or produced by the accused. 3. The intent must be to use it as genuine or deceive others.
Punishment Details
Imprisonment for life, or imprisonment of either description for a term which may extend to ten years, and a fine.
Illustrative Example
If a person prints fake ₹500 notes to use them as real money, they are punishable under Section 489A.
Legal Defenses
If the accused can prove that the notes were printed with proper authorization (such as a licensed printer), they may be acquitted.
Related Sections
Related to Section 489B (Using counterfeit currency) and Section 489D (Making instruments for counterfeiting).
Important Note
This section is specifically for creating or printing counterfeit currency or bank-notes.
FAQs
What does Section 489A IPC define?
Counterfeiting currency-notes or bank-notes.
How is 'Counterfeiting currency-notes or bank-notes' interpreted in law?
It is interpreted based on the Indian Penal Code and relevant case law.
Where is Section 489A IPC applicable?
Its application depends on the legal context and the nature of the offence involved.
Can you give a practical example for Section 489A?
Examples include real-life cases involving counterfeiting currency-notes or bank-notes.
Is Section 489A used along with other IPC sections?
Yes, it is often cited alongside related criminal provisions.
How do courts interpret Section 489A IPC?
Courts interpret it using past judgments and statutory interpretations.
Why is Section 489A significant?
It holds importance in the framework of criminal law.