Indian Penal Code, 1860
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.]