Provision

Whoever, having any counterfeit coin, which at the time when he became possessed of it, he knew to be counterfeit, fraudulently or with intent that fraud may be committed, delivers the same to any persons or attempts to induce any person to receive it, shall be punished with imprisonment of either description for a term which may extend to five years, and shall also be liable to fine.


Simply Put

According to the section, whoever, in possession of any counterfeit coin, about which he had knowledge at the time he became possessed of it that it was counterfeit, either fraudulently or with the intention that fraud may be committed, either delivers the same to any person or attempts to induce any person to receive it, shall be punished with simple or rigorous imprisonment for a term extending up to five years, and shall also be liable to fine



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