IPC 253 - Possession of Indian coin by a person who knew it to be altered when he became possessed thereof
Description of IPC 253
Description of IPC Section 253
According to section 253 of Indian penal code, Whoever fraudulently or with intent that fraud may be committed, is in possession of coin with respect to which the offence defined in either of the sections 247 or 249 has been committed having known at the time of becoming possessed thereof, that such offence had been committed with respect to such coin, 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 253
| Offence | Possession of Indian coin by a person who knew it to be altered when he became possessed thereof |
| Punishment | 5 Years + Fine |
| Cognizance | Cognizable |
| Bail | Bailable |
| Triable | Sessions Court |
Up to 5 years of imprisonment and a fine.
IPC 253 in Simple Words
In simple words, Section 253 of the Indian Penal Code states that if someone knowingly possesses a fraudulent coin and intends to commit fraud or is aware that a fraud has already been committed with that coin, they can be imprisoned for up to five years and fined.
Importance and Practical application
IPC Section 253 specifically addresses the possession of altered Indian coins, focusing on preventing currency fraud involving national currency.
Practical application:
Examples: Holding onto an Indian coin with altered features, knowing its fraudulent nature. Legal Consequences: Penalties for possession of altered Indian coins with fraudulent intent.Conclusion
This section imposes penalties of up to 5 years of imprisonment and fines for knowingly possessing altered Indian coins, thereby reinforcing legal protections against the manipulation of the currency system.