Possession of forged or counterfeit coin, Government stamp, currency-notes or bank-notes
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Summary
Possessing forged or counterfeit coins, government revenue stamps, currency-notes or bank-notes while knowing or having reason to believe they are fake and intending to use them as genuine is an offence. It applies when a person keeps such items with the purpose that they be passed off as real. Punishment can be imprisonment up to seven years, or fine, or both.
Example
Rohan runs a small shop and keeps a bundle of counterfeit currency-notes he plans to use to pay a supplier. Because he knew they were fake and intended to pass them as genuine, he can be punished with imprisonment up to seven years, a fine, or both under this provision.
Bare Act
Enacted textWhoever has in his possession any forged or counterfeit coin, stamp issued by Government for the purpose of revenue, 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.
BNSS Classification
- Imprisonment for 7 years, or fine, or both.
- Cognizable
- Non-bailable
- Triable by Court of Session.
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