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IPC Section 241 – Delivery of Counterfeit Coin Possessed as Genuine

Adv. Kuldeep Kumar June 12, 2026 5 min read

Section Overview

Section Number:

IPC Section 241

Section Title:

Delivery of Counterfeit Coin Possessed as Genuine

Act:

Indian Penal Code, 1860 (IPC)

Status:

Active under IPC framework; corresponding principles continue under the Bharatiya Nyaya Sanhita (BNS), 2023 through counterfeit currency-related provisions.

Applicability:

IPC Section 241 applies when:

  • A person receives a counterfeit coin believing it to be genuine;

  • Later discovers or learns that the coin is counterfeit;

  • Nevertheless delivers or attempts to deliver it as genuine;

  • The delivery is made dishonestly to another person.

This section targets dishonest conduct occurring after knowledge of the counterfeit nature is acquired.

Section Explanation

Simple Explanation (Plain English/Hinglish)

IPC Section 241 ka simple matlab hai ki agar kisi vyakti ko pehle fake coin asli samajhkar milta hai, lekin baad mein usse pata chal jata hai ki coin nakli hai, aur phir bhi woh us coin ko kisi aur ko asli bata kar de deta hai, to woh offence karta hai.

Simple words mein:

"Fake coin ka sach jaanne ke baad usse aage chalana crime hai."

Law innocent receipt ko punish nahi karta, lekin knowledge milne ke baad circulation ko punish karta hai.

Legal Definition (Original Law Text)

The essence of IPC Section 241 is:

Whoever, having received a counterfeit coin as genuine and subsequently discovering it to be counterfeit, delivers it to another person as genuine, commits an offence.

Practical Interpretation

To establish liability under Section 241, prosecution generally needs to prove:

  1. The accused received the coin as genuine.

  2. The coin was actually counterfeit.

  3. The accused later discovered its counterfeit nature.

  4. Despite that knowledge, the accused delivered it as genuine.

  5. There was dishonest intention.

The offence arises only after the accused becomes aware that the coin is fake.

Why IPC Section 241 Was Introduced?

Without this section:

  • People could pass counterfeit coins to others after discovering the truth.

  • Loss would simply shift from one person to another.

  • Counterfeit currency would continue circulating.

  • Public confidence in transactions would decline.

The law therefore imposes a duty not to recirculate known counterfeit currency.

Key Difference Between Sections 239 and 241

IPC Section 239

The accused knows from the beginning that the coin is counterfeit.

IPC Section 241

The accused initially believes the coin is genuine but later discovers the truth and still circulates it.

Thus:

  • Section 239 = Prior knowledge.

  • Section 241 = Subsequent knowledge.

Importance of Discovery

A crucial element is proof that:

  • The accused became aware the coin was counterfeit; and

  • After gaining that knowledge, still chose to deliver it.

Without proof of knowledge, liability may not arise.

Punishment & Legal Classification

Punishment

IPC Section 241 provides:

  • Imprisonment up to 2 years; OR

  • Fine; OR

  • Both.

The punishment is lower than some other counterfeit coin offences because the accused did not originally obtain the coin dishonestly.

Bailable / Non-Bailable

Bailable

Cognizable / Non-Cognizable

Generally Non-Cognizable

Compoundable

Non-Compoundable

Triable By

Any Magistrate

IPC ↔ BNS Mapping

IPC Section

IPC Section 241

BNS Equivalent

The Bharatiya Nyaya Sanhita continues principles relating to:

  • Counterfeit currency circulation;

  • Fraudulent passing of fake money;

  • Economic offences involving dishonest transactions.

Status

IPC repealed and replaced by BNS, though the principle remains substantially preserved.

Real-Life Examples

Example 1: Shopkeeper Transaction

A shopkeeper discovers a coin received earlier is fake but later uses it to give change to another customer.

Section 241 may apply.

Example 2: Market Exchange

A person learns from a bank that a coin is counterfeit and then spends it elsewhere.

This attracts liability.

Example 3: Debt Payment

An individual realizes a coin is fake but uses it to settle a small debt.

Section 241 becomes applicable.

Landmark Judgments

Case Name:

Mobarik Ali Ahmed v. State of Bombay

Court:

Supreme Court of India

Key Takeaway:

Knowledge and intention remain essential elements in deception-related offences.

Case Name:

State of Maharashtra v. Mayer Hans George

Court:

Supreme Court of India

Key Takeaway:

Economic offences affecting public trust justify criminal sanctions.

Case Name:

R. Kalyani v. Janak C. Mehta

Court:

Supreme Court of India

Key Takeaway:

Criminal liability often depends upon knowledge and dishonest conduct.

Legal Insights

When Is This Section Applied?

Section 241 becomes relevant when:

  • A counterfeit coin is innocently received;

  • Knowledge of counterfeit nature is later obtained;

  • The coin is subsequently circulated;

  • Fraudulent delivery is established.


Common Misuse Scenarios

 Lack of Knowledge

The accused never actually learned that the coin was counterfeit.

 Mistaken Suspicion

A coin believed counterfeit may later be found genuine.

 Accidental Delivery

The coin may be passed without remembering its status.

 Insufficient Proof

The prosecution may fail to prove discovery of counterfeit nature.


Defenses Available

No Knowledge

The accused never knew the coin was counterfeit.

No Delivery

The coin was never passed to another person.

Honest Mistake

The accused believed the coin was genuine.

False Allegation

The accused was wrongly accused of circulation.

Disclaimer: This article is for general informational purposes only and does not constitute legal advice. Please consult a qualified advocate for your specific legal matter.
Adv. Kuldeep Kumar
Verified Advocate
Bar Council Reg: BR/196/2015

Frequently Asked Questions

IPC Section 241 punishes delivering a counterfeit coin after discovering it is counterfeit.

Imprisonment up to 2 years, fine, or both.

Yes. It is generally bailable.

Generally non-cognizable.

Yes. Knowledge after receipt is the most important element.

No. Mere innocent receipt is not punishable.

Liability arises when the person learns the coin is counterfeit and still circulates it.

BNS contains similar provisions regarding counterfeit currency circulation.

Section 239 involves prior knowledge; Section 241 involves later-acquired knowledge.

It prevents known counterfeit currency from continuing to circulate in the economy.
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