Whoever, fraudulently or with intent that fraud may be committed, is in possession of counterfeit coin, which is a counterfeit of current coin, having known at the time when he became possessed of it that it was a counterfeit, shall be punished with imprisonment for a term which may extend to 5 years, and shall also be liable to fine.
Section history
Section 243 — Possession of current coin by a person who knew it to be counterfeit when he became possessed thereof
As in force on 1 January 2020.
[Indian PC 1860, s. 243]
[Repealed by Act 15 of 2019 wef 01/01/2020]