What is Section 253 IPC?

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  1. Possession of Indian coin by person who knew it to be altered when he became possessed thereof —

Whoever, fraudulently or with intent that fraud may be committed, is in possession of coin with respect to which the offence defined in either of the section 247 or 249
has been committed, having known at the time of becoming possessed thereof, that such offence had been committed with respect to such coin, shall be punished
with imprisonment of either description for a term which may extend to five years, and shall also be liable to fine.

CLASSIFICATION OF OFFENCE
Punishment
—Imprisonment for 5 years and fine—Cognizable—Non-bailable— Triable by Magistrate of the first class—Non-compoundable.

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