Delivery of Indian coin, possessed with knowledge that it is altered
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Summary
Knowingly possessing a coin that has been altered and then fraudulently handing it to someone, or trying to induce someone to accept it, is punishable by up to ten years imprisonment and a fine. The offence requires knowledge at the time of acquiring the coin and a fraudulent intent in delivering or inducing its receipt.
Example
Ravi, a tea-stall owner, receives a coin he knows was shaved to reduce its metal. To avoid taking a loss he gives that coin as change to a customer, passing it off as genuine. He can be prosecuted and face up to ten years' imprisonment and a fine.
Bare Act
Enacted textWhoever, having coin in his possession with respect to which the offence defined in section 247 or 249 has been committed, and having known at the time when he became possessed of such coin that such offence had been committed with respect to it, fraudulently or with intent that fraud may be committed, delivers such coin to any other person, or attempts to induce any other person to receive the same, shall be punished with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.
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