IPC Section 489C. Possession of forged or counterfeit currency-notes or bank-notes

Category of Bare Act Name of the Act Year of Promulgation
Criminal Laws Indian Penal Code 1860
Act Number Enactment Date Chapter Number
45 06.10.1860 18
Chapter Title Sub-Chapter Legislated by
Of Offences Relating To Documents And To Property Marks - Parliament of India

1Whoever has in his possession any forged or counterfeit currency-note or bank-note, knowing or having reason to believe the same to be forged or counterfeit and intending to use the same as genuine or that it may be used as genuine, shall be punished with imprisonment of either description for a term which may extend to seven years, or with fine, or with both.]

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1. Added by Act 12 of 1899, sec. 2.

Offence Description Punishment provided Cognizable/Non-Cognizable
Possession of forged or counterfeit currency notes or bank notes Imprisonment for 7 years, or fine, or both Cognizable
Bailable/Non-Bailable Trial Court Details Compoundable/Non-Compoundable
Bailable Court of Session Non-Compoundable
Compoundable by Whom Concerned Ministry Concerned Department
Non-Compoundable Ministry of Home Affairs Department of Internal Security