IPC 232 - Counterfeiting, or performing any part of the process of counterfeiting coin
Description of IPC 232
Description of IPC Section 232
According to section 232 of Indian penal code, 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.
IPC 232
| Offence | Counterfeiting, or performing any part of the process of counterfeiting coin |
| Punishment | Imprisonment for Life or 10 Years + Fine |
| Cognizance | Cognizable |
| Bail | Bailable |
| Triable | Sessions Court |
Life imprisonment or up to 10 years of imprisonment, and a fine.
IPC 232 in Simple Words
In simple words, Section 232 of the Indian Penal Code states that if someone counterfeits or is involved in any step of counterfeiting Indian coins, they can be punished with either life imprisonment or imprisonment for up to ten years, and fined.
Importance and Practical application
IPC Section 232 specifically targets the counterfeiting of Indian coins, reflecting the serious threat posed to the country’s financial system. The emphasis on protecting Indian currency underlines the necessity of maintaining trust in the economy.
Practical application:
Examples: Counterfeiting Indian currency coins. Legal Consequences: Stronger penalties to protect the integrity of Indian currency.Conclusion
With penalties that can include life imprisonment and hefty fines, this section serves as a robust deterrent against counterfeiting. By imposing severe consequences for those who undermine the legitimacy of Indian currency, the law reinforces the importance of currency integrity and the economic stability of the nation.