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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.
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1. Subs. by Act 26 of 1955, s. 117 and the Sch., for "transportation for life" (w.e.f. 1-1-1956).