Possession of forged or counterfeit coin, Government stamp, currency-notes or bank-notes
180. Possession of forged or counterfeit coin, Government stamp, currency-notes or bank-notes.
Whoever has in his possession any forged or counterfeit coin, stamp, currency-note or bank-note, knowing or having reason to believe the same to be forged or counterfeit and intending to use the same as genuine or that it may be used as genuine, shall be punished with imprisonment of either description for a term which may extend to seven years, or with fine, or with both.
Explanation.-If a person establishes the possession of the forged or counterfeit coin, stamp, currency-note or bank-note to be from a lawful source, it shall not constitute an offence under this section.
Notes
180. Possession of forged or counterfeit coin, Government stamp, currency-notes or bank-notes.
Possession of Indian coin by person who knew it to be counterfeit when he became possessed thereof
243. Possession of Indian coin by person who knew it to be counterfeit when he became possessed thereof
Whoever, fraudulently or with intent that fraud may be committed, is in possession of counterfeit coin, which is a counterfeit of 126[Indian coin], having known at the time when he became possessed of it that it was counterfeit, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine.
