Indian Penal Code Section 243:
Possession of an Indian coin by a person who knew it was counterfeit when he acquired it—Whoever, fraudulently or with the intent to commit fraud, is in possession of counterfeit coin that is a counterfeit of 1[Indian coin], knowing at the time he acquired it that it was counterfeit, shall be punished with imprisonment of either kind for a term that may not exceed seven years, and shall also be subject to a fine.