Counterfeiting of Coin: sec 230 – 237 of the Indian Penal Code

Section 230 if the Indian Penal Code 1860  defines “Coin”.

Coin is basically a metal used for the time being as money, and stamped and issued by the authority of some State or Sovereign Power in order to be so used.

The Indian coin.

The Indian coin is metal stamped and is issued by the authority of the Government of India in order to be used as money; and metal which has been so stamped and issued shall continue to be Indian coin for the purposes of this Chapter, notwithstanding that it may have ceased to be used as money.

Section 231 of the Indian Penal Code 1860 defines Counterfeiting coin.

Whoever counterfeits or knowingly performs any part of the process of counterfeiting coin, should be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine.

Explanation of counterfeiting coin is that a person commits this offence who intending to practise deception, or knowing it to be likely that deception will thereby be practised, causes a genuine coin to appear like a different coin.

CLASSIFICATION OF SECTION 231 OF INDIAN PENAL CODE

Punishment — Imprisonment for 7 years and fine. 

 It is of Cognizable nature.

It is a Non-bailable offence

It is Triable by the Magistrate of the first class And is non-compoundable.

Section 232 of the Indian Penal Code defines counterfeiting Indian coin.

Whoever counterfeits, or knowingly performs any part of the process of counterfeiting Indian coin, shall be punished with imprisonment for life, or with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.

CLASSIFICATION OF SECTION 232 OF THE INDIAN PENAL CODE

Punishment—Imprisonment for life, or imprisonment for 10 years and fine.

It is of Cognizable nature and is a Non-bailable offence.

It is Triable by Court of Session And is Non-compoundable.

Section 233 of the Indian penal code defines Making or selling instrument for counterfeiting coin.

Whoever makes or mends, or performs any part of the process of making or mending, or buys, sells or disposes of, any die or instrument, for the purpose of being used, or knowing or having reason to believe that it is intended to be used, for the purpose of counterfeiting coin, shall be punished with imprisonment of either description for a term which may extend to three years, and shall also be liable to fine.

CLASSIFICATION OF SECTION 233 OF INDIAN PENAL CODE

Punishment—Imprisonment for 3 years and fine.

It id of Cognizable nature and is Non-Bailable.

It is Triable by the Magistrate of the first class and is Non-compoundable.

Section 234 of the indian penal code defines Making or selling instrument for counterfeiting Indian coin.

Whoever makes or mends, or performs any part of the process of making or mending, or buys, sells or disposes of, any die or instrument, for the purpose of being used, or knowing or having reason to believe that it is intended to be used, for the purpose of counterfeiting Indian coin, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine.

CLASSIFICATION OF SECTION 234 OF INDIAN PENAL CODE

Punishment—Imprisonment for 7 years and fine.

It  is Cognizable and a Non-bailable offence.

It is Triable by Court of Session and is Non-compoundable.

Section 235 of the indian penal code defines Possession of instrument, or material for the purpose of using the same for counterfeiting coin.

Whoever is in possession of any instrument or material, for the purpose of using the same for counterfeiting coin, or knowing or having reason to believe that the same is intended to be used for that purpose, shall be punished with imprisonment of either description for a term which may extend to three years, and shall also be liable to fine;
If Indian coin– and if the coin to be counterfeited is Indian coin, shall be punished with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.

CLASSIFICATION OF SECTION 235 OF INDIAN PENAL CODE

Para I: Punishment—Imprisonment for 3 years and fine.

It is Cognizable offence and is Non-bailable.

It is Triable by Magistrate of the first class and is Non-compoundable.
Para II: Punishment—Imprisonment for 10 years and fine.

It is Cognizable and Non- bailable offence .

It is Triable by Court of Session and is Non-compoundable.

Section 236 of the indian penal code defines Abetting in India the counterfeiting out of India of coin.

Whoever, being within India, abets the counterfeiting of coin out of India, shall be punished in the same manner as if he abetted the counterfeiting of such coin within India.

CLASSIFICATION OF SECTION 236 OF INDIAN PENAL CODE

Punishment—The punishment provided for abetting the counterfeiting of such coin within India.

It cab be bothCognizable and Non-bailable.

It is Triable by Court of Session and is Non- compoundable.

Section 237 of the indian penal code defines Import or export of counterfeit coin.

Whoever imports into India, or exports therefrom, any counterfeit coin, knowing or having reason to believe that the same is counterfeit, shall be punished with imprisonment of either description for a term which may extend to three years, and shall also be liable to fine.

CLASSIFICATION OF SECTION 237 INDIAN PENAL CODE

Punishment—Imprisonment for 3 years and fine.

It is a Cognizable offence and is Non-bailable.

It is  Triable by Magistrate of the first class and is Non-compoundable.

Leave a Reply