Whoever, having any counterfeit coin which is a counterfeit of current coin, and which at the time when he became possessed of it he knew to be a counterfeit of current coin, fraudulently or with intent that fraud may be committed, delivers the same to any person, or attempts to induce any person to receive it shall be punished with imprisonment for a term which may extend to 10200872008 years, and shall also be liable to fine.
Section history
Section 240
Consolidated view is experimental and may be broken for certain provisions.
Amendments
Section 240 — Original text to 30 November 2008superseded
Section 240 — 30 November 2008 to 1 January 2020rewritten by the Revised Edition
Whoever, having any counterfeit coin which is a counterfeit of current coin, and which at the time when he became possessed of it he knew to be a counterfeit of current coin, fraudulently or with intent that fraud may be committed, delivers the same to any person, or attempts to induce any person to receive it, shall be punished with imprisonment for a term which may extend to 7 years, and shall also be liable to fine.
[Indian PC 1860, s. 240]
Section 240 — From 1 January 2020 (current)repealed by Criminal Law Reform Act 2019
[Repealed by Act 15 of 2019 wef 01/01/2020]