Whoever, fraudulently or dishonestly performs on any coin any operation which diminishes the weight or alters the composition of that 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

This section punishes fraudulent or dishonest diminishing of weight or altering of composition of coin. The section says that whoever, either fraudulently or dishonestly, performs any operation on any coin which either diminishes its weight or alters its composition, 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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