Making or possessing instruments or materials for forging or counterfeiting coin, Government stamp, currency notes or bank-notes
AI Assist
Summary
Making, repairing, buying, selling, disposing of, or possessing any machinery, die, instrument or material that is intended or known (or reasonably believed) to be used for forging or counterfeiting coin, Government revenue stamps, currency-notes or bank-notes is an offence. It applies when the person knows or has reason to believe the items will be used for counterfeiting. Punishment is life imprisonment or imprisonment up to ten years, and a fine. The offence is cognizable, non-bailable and triable by a Sessions Court.
Example
Priya runs a small workshop and buys a printing press and dies after being told they will be used to make fake currency-notes. Because she knew or had reason to believe the items were for counterfeiting, she can be prosecuted and faces life imprisonment or up to ten years in jail, plus a fine.
Bare Act
Enacted textWhoever makes or mends, or performs any part of the process of making or mending, or buys or sells or disposes of, or has in his possession, any machinery, die, instrument or material for the purpose of being used, or knowing or having reason to believe that it is intended to be used, for forging or counterfeiting any coin, stamp issued by Government for the purpose of revenue, currency-note or bank-note, shall be punished with imprisonment for life, or with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.
BNSS Classification
- Imprisonment for life, or imprisonment for 10 years and fine.
- Cognizable
- Non-bailable
- Triable by Court of Session.
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