Official Text
“Whoever delivers to any other person any currency note or bank note or coin, knowing or having reason to believe the same to be counterfeit, intending that the same shall be used as genuine, shall be punished.”
Legal Analysis
Elements to Prove:
- Delivering counterfeit currency.
- To another person.
- Intending use as genuine.
Potential Defenses:
- No delivery.
- Unaware of counterfeit nature.
- No intent to defraud.
Practical Examples
What Constitutes the Offense:
Giving fake money to others, passing counterfeit coins, distributing false currency notes.
What Doesn't Constitute:
Giving genuine currency, unaware of counterfeit nature, or acting in good faith.
Punishment
Imprisonment up to 7 years, and Fine