Delivery of coin possessed with knowledge that it is counterfeit
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Summary
A person who, knowing a coin was counterfeit when they obtained it, gives that coin to someone or tries to induce someone to accept it with the purpose of committing fraud, commits an offence. It applies only where the possessor knew the coin was fake at the time they got it. Punishment is imprisonment for up to five years and a fine.
Example
Ravi receives a counterfeit one-rupee coin but knows it is fake. He uses it to pay a tea seller, hoping the seller will not notice. Under this section Ravi can be prosecuted and faces up to five years imprisonment and a fine.
Bare Act
Enacted textWhoever, having any counterfeit coin, which at the time when he became possessed of it, he knew to be counterfeit, fraudulently or with intent that fraud may be committed, delivers the same to any persons or attempts to induce any person to receive it, shall be punished with imprisonment of either description for a term which may extend to five years, and shall also be liable to fine.
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