IPC 231 - Counterfeiting, or performing any part of the process of counterfeiting coin
Description of IPC 231
Description of IPC Section 231
According to section 231 of Indian penal code, Whoever counterfeits or knowingly performs any part of the process of counterfeiting 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.
IPC 231
| Offence | Counterfeiting, or performing any part of the process of counterfeiting coin |
| Punishment | 7 Years + Fine |
| Cognizance | Cognizable |
| Bail | Bailable |
| Triable | Sessions Court |
Up to 7 years of imprisonment and a fine.
IPC 231 in Simple Words
In simple words, Section 231 of the Indian Penal Code states that if someone counterfeits or is involved in any step of counterfeiting coins, they can be imprisoned for up to seven years and fined.
Importance and Practical application
IPC Section 231 addresses the serious offense of counterfeiting coins, a crime that undermines the integrity of a nation's currency. By clearly defining the act of counterfeiting and holding individuals accountable, this section plays a critical role in preserving the trust in monetary systems.
Practical application:
Examples: Manufacturing fake coins or taking part in such activities. Legal Consequences: Deters counterfeiting and maintains currency integrity.Conclusion
The severe penalties associated with counterfeiting, including substantial imprisonment and fines, act as a strong deterrent against such activities. This legal provision is essential for protecting economic stability and ensuring that only legitimate currency circulates within the economy.