Indian Penal Code (IPC) S. 489-A. Counterfeiting currency-notes or bank-notes.
[i][489-A. Counterfeiting currency-notes or bank-notes.—Whoever counterfeits, or knowingly performs any part of the process of counterfeiting, any currency-note or bank-note, shall be punished with [ii][imprisonment for life], or with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.
Explanation.—For the purposes of this section and of Sections 489-B, [iii][489-C, 489-D and 489-E], the expression “bank-note” means a promissory note or engagement for the payment of money to bearer on demand issued by any person carrying on the business of banking in any part of the world, or issued by or under the authority of any State or Sovereign Power, and intended to be used as equivalent to, or as a substitute for, money.
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More details about this Section |
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Cognizable or not? |
Cognizable |
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Whether Bailable? |
Non-bailable |
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Compoundable or not? |
Not compoundable |
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Triable by whom? |
Court of Session |
Indian Penal Code (IPC) – Index of All Sections
[i] Ss. 489-A to 489-D were Inserted by Act 12 of 1899, S. 2.
[ii] Substituted by Act 26 of 1955, S. 117 and Sch., for “transportation for life” (w.e.f. 1-1-1956).
[iii] Substituted by Act 35 of 1950 for “489-C and 489-D”.
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