What is Section 489C IPC? Possession of Forged or Counterfeit Currency-Notes or Bank-Notes
Published on: Lawiz Team
Learn about Section 489C IPC: Meaning, scope, punishment, examples.
Official Legal Text
Whoever has in his possession any forged or counterfeit 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, and shall also be liable to fine.
What This IPC Section Means – Explained in Simple Words
Section 489C punishes anyone who possesses forged or counterfeit currency-notes or bank-notes, knowing them to be forged, and intending to use them as genuine.
Purpose
To prevent individuals from possessing fake currency with the intent to use or distribute it.
Bailable or Not Bailable & Punishment
Bailable: Non-Bailable, Punishment: Imprisonment up to 7 years, and fine.
Key Elements
1. The currency-notes or bank-notes must be counterfeit. 2. The accused must know they are counterfeit. 3. The intent must be to use them as genuine or distribute them.
Punishment Details
Imprisonment of either description for a term which may extend to seven years, and a fine.
Illustrative Example
If a person is caught with a bundle of fake ₹500 notes, knowing they are fake, they are punishable under Section 489C.
Legal Defenses
If the accused can prove that they did not know the notes were fake, they may be acquitted.
Related Sections
Related to Section 489A (Counterfeiting currency) and Section 489B (Using counterfeit currency).
Important Note
Possession without intent to use may not constitute an offence.
FAQs
What does Section 489C IPC define?
Possession of forged or counterfeit currency-notes or bank-notes.
How is 'Possession of forged or counterfeit currency-notes or bank-notes' interpreted in law?
It is interpreted based on the Indian Penal Code and relevant case law.
Where is Section 489C IPC applicable?
Its application depends on the legal context and the nature of the offence involved.
Can you give a practical example for Section 489C?
Examples include real-life cases involving possession of forged or counterfeit currency-notes or bank-notes.
Is Section 489C used along with other IPC sections?
Yes, it is often cited alongside related criminal provisions.
How do courts interpret Section 489C IPC?
Courts interpret it using past judgments and statutory interpretations.
Why is Section 489C significant?
It holds importance in the framework of criminal law.