Delivery of coin as genuine, which, when first possessed, the deliverer did not know to be counterfeit
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Summary
Delivering or inducing someone to accept a counterfeit coin as genuine is an offence where the person, at the time of delivery, knows the coin is counterfeit but did not know it was counterfeit when he first received it. Punishment: imprisonment up to two years, or a fine up to ten times the coin's value, or both.
Example
Priya accepts a counterfeit coin from a customer without knowing it is fake. Later she realises it is counterfeit but pays it away as if genuine to buy groceries. She can be punished under this section with up to two years' imprisonment, or a fine up to ten times the coin's value, or both.
Bare Act
Enacted textWhoever delivers to any other person as genuine, or attempts to induce any other person to receive as genuine, any counterfeit coin which he knows to be counterfeit, but which he did not know to be counterfeit at the time when he took it into his possession, shall be punished with imprisonment of either description for a term which may extend to two years, or with fine to an amount which may extend to ten times the value of the coin counterfeited, or with both.
Illustrations
(1) A, a coiner, delivers counterfeit Company’ rupees to his accomplice B, for the purpose of uttering them. B sells the rupees to C, another utterer, who buys them knowing them to be counterfeit. C pays away the rupees for goods to D, who receives them, not knowing them to be counterfeit. D, after receiving the rupees, discovers that they are counterfeit and pays them away as if they were good. Here D is punishable only under this section, but B and C are punishable under section 239 or 240, as the case may be.
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