IPC 239 - Having any counterfeit coin known to be such when it came into possession, and delivering, etc., the same to any person

Description of IPC 239
Description of IPC Section 239
According to section 239 of Indian penal code, Whoever, having any counterfeit coin, which at the time when he became possessed of it, he knew to be counterfeit, fraudulently or with intent that fraud may be committed, delivers the same to any persons or attempts to induce any person to receive it, shall be punished with imprisonment of either description for a term which may extend to five years, and shall also be liable to fine.
IPC 239
Offence | Having any counterfeit coin known to be such when it came into possession, and delivering, etc., the same to any person |
Punishment | 5 Years + Fine |
Cognizance | Cognizable |
Bail | Bailable |
Triable | Sessions Court |
Up to 5 years of imprisonment and a fine.
IPC 239 in Simple Words
In simple words, Section 239 of the Indian Penal Code states that if someone knowingly possesses a counterfeit coin and with the intent to commit fraud, gives or tries to persuade someone else to accept it, they can be imprisoned for up to five years and fined.
Importance and Practical application
This section is crucial for preventing the circulation of counterfeit currency and protecting the integrity of transactions. By penalizing those who attempt to use counterfeit coins fraudulently, it helps maintain trust in the currency system.
Practical application:
Examples: Trying to use a counterfeit coin in a transaction. Legal Consequences: Addresses fraudulent intent and actions with counterfeit currency.Conclusion
The provision emphasizes the seriousness of fraud involving counterfeit currency and serves as a deterrent against such deceptive practices, thereby contributing to economic stability and consumer protection.