Section 242 in Indian Penal Codes

Title: Possession of counterfeit coin by person who knew it to be counterfeit when he became possessed thereof

Description: Whoever, fraudu­lently or with intent that fraud may be committed, is in posses­sion of counterfeit coin, having known at the time when he became possessed thereof that such coin was counterfeit, shall be pun­ished with imprisonment of either description for a term which may extend to three years, and shall also be liable to fine.

Title: Possession of Indian coin by person who knew it to be coun­terfeit when he became possessed thereof

Description: Whoever, fraudulently or with intent that fraud may be committed, is in possession of counterfeit coin, which is a counterfeit of 1[Indian coin], having known at the time when he became possessed of it that it was counterfeit, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine.

Title: Person employed in mint causing coin to be of different weight or composition from that fixed by law

Description: Whoever, being employed in any mint lawfully established in 1[India], does any act, or omits what he is legally bound to do, with the intention of causing any coin issued from that mint to be of a different weight or composition from the weight or composition fixed by law, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine

Title: Unlawfully taking coining instrument from mint

Description: Whoever, without lawful authority, takes out of any mint, lawfully estab­lished in 1[India], any coining tool or instrument, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine.

Title: Fraudulently or dishonestly diminishing weight or altering composition of coin

Description: Whoever fraudulently or dishonestly per­forms on any coin any operation which diminishes the weight or alters the composition of that coin, shall be punished with imprisonment of either description for a term which may extend to three years, and shall also be liable to fine. Explanation. —A person who scoops out part of the coin and puts anything else into the cavity alters the composition of that coin.

CHAPTER 12 OF OFFENCES RELATING TO COIN AND GOVERNMENT STAMPS