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 Section 253: Simplified Explanation
IPC Section 253 of the Indian Penal Code (IPC) deals with the offence of possessing an altered Indian coin, knowing it to be altered at the time of acquiring it. This section targets individuals who, knowing a coin to be changed, still decide to possess it with the intent to use it fraudulently or with the intent that fraud may be committed with it.
Is IPC Section 253 bailable?
Yes, IPC Section 253 is a bailable offence. This implies that the accused has the right to obtain bail by providing the required surety or fulfilling other conditions set by the court.
IPC Section 253 Punishment
The punishment for IPC Section 253 is imprisonment of either description for a term which may extend to two years, with a fine, or with both. This means that the court can choose to impose a prison sentence, a monetary fine, or both, depending on the specific details and gravity of the offence.
Example of IPC Section 253
Consider a scenario where a person named Anil comes across a coin that has been tampered with to appear as a higher denomination coin. Anil knows that the coin is altered but decides to keep it anyway. Later, he tries to use this coin to pay for groceries at a local store. The shopkeeper, upon closer inspection, realizes the coin is altered and reports it to the authorities. During the investigation, it was found that Anil was aware of the alteration when he took possession of the coin. In this situation, Anil can be prosecuted under IPC Section 253 for possessing an altered coin with the knowledge of its alteration and with the intent to use it fraudulently.
