Provision

Whoever, having coin in his possession with respect to which the offence defined in section 246 or 248 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 five years, and shall also be liable to fine.


Simply put

The section says that whoever, having in this possession such a coin with respect to which the offence as defined under section 246 or 248 of the Code has been committed, and having had knowledge at the time when the coin came to his possession that such an offence had been committed with respect to it, fraudulently or with the 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 five years, and shall also be liable to fine.



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