Provision

Whoever, having coin in his possession with respect to which the offence defined in section 247 or 249 has been committed, and having known at the time when he became possessed of such coin that such offence had been committed with respect to it, fraudulently or with intent that fraud may be committed, delivers such coin to any other person, or attempts to induce any other person to receive the same, shall be punished with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.


Simply put

This section makes it an offence to deliver an Indian coin possessed with knowledge that it has been altered. The section states that whoever, having such a coin in his possession with respect to which the offence as defined under section 247 or 249 of the Code has been committed, and having had knowledge at the time it came into his possession that such offence had been committed with respect to it, with intention to defraud or with intention that fraud may be committed, either delivers such coin to any other person, or attempts to induce any other person to receive the same, shall be punished with simple or rigorous imprisonment for a term extending up to ten years, and shall also be liable to fine.



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