Provision

Whoever is in possession of any instrument or material, for the purpose of using the same for counterfeiting coin, or knowing or having reason to believe that the same is intended to be used for that purpose, shall be punished with imprisonment of either description for a term which may extend to three years, and shall also be liable to fine;

Indian Coin : If the Coin to be counterfeited  is an  [Indian coin], 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

  • Anyone who is in possession of any instrument or material, for the purpose of using the same for forging coin or
  • knowing or having reason to believe that the same is intended to be used for that purpose
  • Then such a person shall be punished with imprisonment for a term that may extend up to three years and shall also be liable to pay fine.

If an Indian coin is forged then punishment will be imprisonment for a term that may extend up to ten years and hall also be liable to pay fine.



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