Whoever delivers to any other person as genuine, or attempts to induce any other person to receive as genuine, any counterfeit coin which he knows to be counterfeit, but which he did not know to be counterfeit at the time when he took it into his possession, shall be punished with imprisonment for a term which may extend to 2 years, or with fine to an amount which may extend to 10 times the value of the coin counterfeited, or with both.
Section history
Section 241 — Delivery to another of coin as genuine, which when first possessed the deliverer did not know to be counterfeit
As in force on 1 July 2014.
Timeline 3 versions
- 30 March 1987 Enacted
- 1 July 2014 You are here
- 1 January 2020 Act 15 of 2019
- 17 August 2026 Latest
Illustration
A, a coiner, delivers counterfeit Hong Kong dollars to his accomplice B, for the purpose of uttering them. B sells the dollars to C, another utterer, who buys them knowing them to be counterfeit. C pays away the dollars for goods to D, who receives them, not knowing them to be counterfeit. D, after receiving the dollars, discovers that they are counterfeit, and pays them away as if they were good. Here D is punishable only under this section, but B and C are punishable under section 239 or 240 as the case may be.
[Indian PC 1860, s. 241]