Section 42: Counterfeit currency notes
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
42. Counterfeit currency notes
Any person who, without lawful authority or excuse has in his possession
any forged, counterfeited or altered currency note or any unfinished or incomplete currency note purporting to be issued by the Bank, knowing same
to be forged, counterfeited or altered, shall commit an offence and shall, on
conviction, be liable to a fine not exceeding one million rupees and to penal
servitude.