IPC 262 vs BNS 262
● Retained in BNSCounterfeiting or fraudulently using government stamp on security
Section 262 of the Indian Penal Code, 1860, deals with the offence of counterfeiting or fraudulently using a government stamp on any government security. This provision is designed to protect the authenticity of financial instruments issued by the state, such as bonds, promissory notes, or treasury receipts.
Key points:
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Applies to any person who knowingly counterfeits or fraudulently applies a government stamp on a security.
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Requires intent to defraud or deceive the government or the public.
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Punishment: Imprisonment for life or imprisonment up to 10 years, and fine.
Example: If an individual applies fake government stamps on treasury bonds to make them appear authentic and sell them, IPC 262 applies. This law safeguards government revenue systems and public confidence in official financial instruments.
Counterfeiting or fraudulently using government stamp on security
Section 262 of the Bharatiya Nyaya Sanhita, 2023, mirrors IPC 262. It punishes anyone who counterfeits, applies, or attempts to apply a fake government stamp on government-issued securities, with intent to defraud or deceive.
Key points:
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Covers both manufacture and usage of fake stamps on financial instruments.
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Knowledge and fraudulent intent are necessary.
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Punishment: Imprisonment for life or imprisonment up to 10 years, and fine.
Example: A person stamping fake government seals on promissory notes to sell them fraudulently is liable under BNS 262. The law ensures integrity of government securities and trust in public finance.
What changed?
This provision was carried over to the Bharatiya Nyaya Sanhita with substantially the same wording — the section was renumbered from IPC IPC 262 to BNS BNS 262.