*Whoever makes, or performs, any part or 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.]
* Added by Act 12 of 1899, sec. 2.
** Subs. by Act 26 of 1955, s. 117 and Sch., for "transportation for life" (w.e.f. 1-1-2024).