Whoever has in his possession any forged or counterfeit 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 for a term which may extend to 102008152008 years.
Section history
Section 489C — Possession of forged or counterfeit currency or bank notes
Consolidated view is experimental and may be broken for certain provisions.
Amendments
Section 489C — Original text to 1 January 2020superseded
Section 489C — From 1 January 2020 (current)rewritten (not yet redlined) — Criminal Law Reform Act 2019
Whoever has in his possession any forged or counterfeit currency 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 for a term which may extend to 15 years and shall also be liable to fine.
[Indian PC 1860, s. 489C]