law: Coinage Act, 2011
  14. Prohibition and
  
  penalty for unlawful making, issue or possession of pieces of metal to be used
  
  as money.-
  1.  
  
    No
  
  person shall
  a.   make or issue or
  
  attempt to issue any metal piece except as provided under section 4 for the
  
  purpose of coin;
  b.   Possess custody or
  
  control of any metal piece with the intent to issue the piece for use as money
  
  for a medium of exchange.
  2.  
  
    Whoever
  
  contravenes the provisions of sub-section (1) shall be punishable with
  
  imprisonment which may extend to one year or with fine or with both:
  Provided that if any
  
  person convicted under this section is again convicted, he shall be punishable
  
  with imprisonment which may extend to three years or with fine or with both.