Delivery of Indian coin, possessed with knowledge that it is counterfeit
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Summary
Possessing an Indian coin known to be counterfeit and then giving it to someone or trying to induce them to accept it, with fraudulent intent or intent that fraud may be committed, is a crime. The offender can be punished with imprisonment up to ten years and a fine.
Example
Ravi knowingly keeps a counterfeit one-rupee coin and pays a shopkeeper with it to get change. Because he possessed the coin knowing it was fake and delivered it with intent to defraud, he can face up to ten years' imprisonment and a fine.
Bare Act
Enacted textWhoever having any counterfeit coin, which is a counterfeit of Indian coin, and which, at the time when he became possessed of it, he knew to be a counterfeit of Indian coin, fraudulently or with intent that fraud may be committed, delivers the same to any person, or attempts to induce any person to receive it, shall be punished with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.
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