Provision

Whoever counterfeits upon, or in the substance of, any material, any device or mark used for the purpose of authenticating any document described in section 467 of this Code, intending that such device or mark shall be used for the purpose of giving the appearance of authenticity to any document then forged or thereafter to be forged on such material, or who, with such intent, has in his possession any material upon or in the substance of which any such device or mark has been counterfeited, shall be punished with [imprisonment for life], or with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine.


Simply put

Anyone who forges any device or mark on the substance of any material for authenticating any document described in section 467 of this Code with an intention that such device or mark shall be used for the purpose of giving the appearance of authenticity to any document that was then forged or was to be forged on such material and anyone with an intention has in his possession any material upon or in the substance of which any such device or mark has been counterfeited, then such an offender shall be punished with [imprisonment for life], or with imprisonment of either description for a term which may extend to seven years, and shall also be liable to pay fine.



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