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Whoever makes, or performs any part of the process of making, or buys or sells
or disposes of, or has in his possession, any machinery, instrument or material for the purpose of being
used, or knowing or having reason to believe that it is intended to be used, for forging or counterfeiting
any currency-note or bank-note, 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).