Whoever, fraudulently or with intent that fraud may be committed, is in possession of counterfeit coin, having known at the time when he became possessed of it that the coin was counterfeit, shall be punished with imprisonment for a term which may extend to 3 years, and shall also be liable to fine.
Section history
Section 242
Consolidated view is experimental and may be broken for certain provisions.
Amendments
Section 242 — Original text to 1 January 2020superseded
[Indian PC 1860, s. 242]
Section 242 — From 1 January 2020 (current)repealed by Criminal Law Reform Act 2019
[Repealed by Act 15 of 2019 wef 01/01/2020]