Section 489A: Counterfeiting currency-notes or bank-notes
In Simple Words
Fake Currency. Printing, forging, or counterfeiting currency notes or bank notes. A major economic crime.
Punishment & Penalties
Life imprisonment, or prison up to 10 years, and fine.. Non-bailable, Cognizable.
Real-Life Case Example
“Consider a situation where this rule is put to test. An individual acts in a way that aligns with the elements of Section 489A, leading to a case where they are booked under this specific offense.”
Frequently Asked Questions (FAQs)
What is Section 489A of IPC?
Counterfeiting currency-notes or bank-notes. In simple terms: Fake Currency. Printing, forging, or counterfeiting currency notes or bank notes. A major economic crime.
Is Section 489A of IPC a bailable offense?
Section 489A is classified as a Non-bailable offense. This means bail cannot be claimed as a right; the accused must apply to a magistrate or court.
What is the punishment for Section 489A of IPC?
Life imprisonment, or prison up to 10 years, and fine.. Non-bailable, Cognizable.
Can Section 489A of IPC be quashed by the High Court?
Section 489A is Non-compoundable (cannot be settled out of court). However, the High Court has inherent powers under Section 482 of CrPC / Section 528 of BNSS to quash FIRs in certain categories of disputes if the parties reach a compromise.
Facing a case under Section 489A?
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