Making or selling instrument for counterfeiting coin
AI Assist
Summary
Making, repairing, or dealing in any die or instrument intended to be used for counterfeiting coin is an offence. It applies when a person makes or mends, does part of the making process, or buys, sells or disposes of such tools while knowing or having reason to believe they will be used to counterfeit coins. Punishment is imprisonment (simple or rigorous) up to three years and a fine.
Example
Ravi runs a small metal shop and repairs stamping dies. He knowingly fixes a die that will be used to make fake coins. Under this rule he can be punished with up to three years imprisonment (simple or rigorous) and a fine.
Bare Act
Enacted textWhoever makes or mends, or performs any part of the process of making or mending, or buys, sells or disposes of, any die or instrument, for the purpose of being used, or knowing or having reason to believe that it is intended to be used, for the purpose of counterfeiting coin, shall be punished with imprisonment of either description for a term which may extended to three years, and shall also be liable to fine.
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