Legal Provisions of Section 253 of Indian Penal Code, 1860.
Possession of Indian coin by person who knew it to be altered when he became possessed thereof:
ADVERTISEMENTS:
Possession of Indian coin by a person who knew it to be altered when he became possessed thereof has been made an offence under this section. The section says that whoever, either fraudulently or with intention that fraud may be committed, possesses a coin with respect to which an offence under section 247 or 249 had been committed, with the knowledge at the time it came to his possession that such an offence had been committed with respect to it, shall be punished with simple or rigorous imprisonment for a term extending up to five years, and shall be liable to fine.
The prosecution must establish intention to defraud or intention that fraud may be committed on the part of the accused. With such intention he must possess a coin with respect to which an offence relating to Indian coin, has been committed. It must also be proved that he had knowledge at the time he became possessed of the coin that such an offence had been committed with respect to it.
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The offence under this section is cognizable, non-bailable and non-compoundable, and is triable by magistrate of the first class.