Our firm Ambient Alliance took regular bail in a case of fake currency from the High Court of Delhi in 2015 in the court of Justice S.P. GARG in matters of Section 489A, 489C,489D,489E and 34 IPC, when the petitioner was in custody from 2012.
Lets read the sections now: –
489A says about Counterfeiting currency-notes or bank-notes. It states that Whoever counterfeits, or knowingly performs any part of the process of counterfeiting, any currency-note or bank-note, shall be punished with 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.
Section 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.
Section 489D – Making or possessing instruments or materials for forging or counterfeiting currency notes or bank-notes
Making or possessing instruments or materials for forging or counterfeiting currency notes or bank-notes.—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 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.
Section 489E – Making or using documents resembling currency-notes or bank-notes
(1) Whoever makes, or causes to be made, or uses for any purpose whatsoever, or delivers to any person, any document purporting to be, or in any way resembling, or so nearly resembling as to be calculated to deceive, any
currency-note or bank-note shall be punished with fine which may extend to one hundred rupees.
(2) If any person, whose name appears on a document the making of which is an offence under sub-section (1), refuses, without lawful excuse, to disclose to a police-officer on being so required the name and address of the person by whom it was printed or otherwise made, he shall be punished with fine
which may extend to two hundred rupees.
(3) Where the name of any person appears on any document in respect of which any person is charged with an offence under sub- section (1) or on any other document used or distributed in connection with that document it may, until the contrary is proved, be presumed that that person caused the document
to be made.
Analysis of the sections:
The sections above are wrapped in a chapter which states about wholly Of Currency-Notes and Bank-Notes. So what should not be confused that section 489 is complete different than Section 489A and its undergoing sections. So, whenever there is case of Currency-Notes and Bank-Notes then Section 489A to 489E can be read.
The PDF is attached Fake Currency