Section 489B
Using as genuine, forged or counterfeit currency-notes or bank-notes.
About this Act
It is expedient to provide a general Penal Code forindia;
Whoever sells to,
or buys or receives from, any other person, or otherwise traffics in or uses as genuine, any forged or
counterfeit currency-note or bank-note, knowing or having reason to believe the same to be forged or
counterfeit, shall be punished with 1
[imprisonment for life], or with imprisonment of either description for
a term which may extend to ten years, and shall also be liable to fine.
Notes
1. Subs. by Act 26 of 1955, s. 117 and the Sch., for "transportation for life" (w.e.f. 1-1-1956).