Indian Penal Code, 1860
Possession of forged or counterfeit currency-notes or bank-notes.—
Section
489C
Punishment
Imprisonment up to Seven Year(s) + Fine
Cognizable
Cognizable
Bailable
Non-bailable
Compoundable
Non-Compoundable (Refer to CrPC 320 for exceptions)
Trial Court
Court of Session
Bare Act Text
489C. Possession of forged or counterfeit currency-notes or bank-notes.—
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 of either description for a term which may extend to seven years, or with fine, or with both.