Provision

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 sections 246 or 248 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 three years, and shall also be liable to fine.


Simply Put

It states that whoever, either fraudulently or with the intention that fraud may be committed, possesses a coin with respect to which an offence as defined under section 246 or 248 has been committed, having knowledge at the time when it came into his possession that such offence had been committed with respect to it, shall be punished with simple or rigorous imprisonment for a term extending up to three years, and shall also be liable to fine.



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