Legal Provisions of Section 232 of Indian Penal Code, 1860.
Counterfeiting Indian coin:
This section penalises counterfeiting of Indian coin. It says that whoever either counterfeits Indian coin, or performs any part of the process of counterfeiting Indian coin knowingly, shall be punished with imprisonment for life, or with simple or rigorous imprisonment for a term extending up to ten years, and shall also be liable to fine.
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The section not only punishes counterfeiting Indian coin but also performing any part of the process of counterfeiting Indian coin knowingly. Even if the work remains partly in completed or unfinished, the section is applicable. This is clear from the use of the words ‘performs any part of the process’.
The word ‘counterfeit’ has the same meaning as given in section 28 of the Code. Counterfeiting Indian coin has been thought to be more serious than counterfeiting other coin and has thus been punished more severely under this section. Making counterfeit Indian coin with the object of secretly transmitting the same into the house of another person so that the other person would get into trouble is punishable under section 195 and not under section 232 or 235 of the Code.
The offence under this section is cognizable, non-bailable and non-compoundable, and is triable by court of session.