Indian Penal Code,1860
Act No : 45
Section :
Delivery of coin as genuine, which, when first possessed, thedeliverer did not know to be counterfeit.
241. Delivery of coin as genuine, which, when first possessed,the deliverer did not know to be counterfeit.--Whoever delivers to anyother person as genuine, or attempts to induce any other person toreceive as genuine, any counterfeit coin which he knows to becounterfeit, but which he did not know to be counterfeit at the timewhen he took it into his possession, shall be punished withimprisonment of either description for a term which may extend to twoyears, or with fine to an amount which may extend to ten times thevalue of the coin counterfeited, or with both.----------------------------------------------------------------------1. Subs. by the A.O. 1950, for "the Queen's coin".2. Subs. by Act 3 of 1951 s. 3 and Sch., for "the States".3. Subs. by Act 26 of 1955, s. 117 and Sch., for "transportation for life".----------------------------------------------------------------------156 Illustration A, a coiner, delivers counterfeit Company's rupees to hisaccomplice B, for the purpose of uttering them. B sells the rupees toC, another utterer, who buys them knowing them to be counterfeit. Cpays away the rupees for goods to D, who receives them, not knowingthem to be counterfeit. D, after receiving the rupees, discovers thatthey are counterfeit and pays them away as if they were good. Here Dis punishable only under this section, but B and C are punishableunder section 239 or 240, as the case may be.
