SHORT ANSWER:
Possessing an unlicensed firearm is punishable under the Arms Act, 1959.
DETAILS:
- The punishment can include imprisonment for a term that may extend to three years, or with fine, or with both.
- If the firearm is prohibited, the punishment may extend to life imprisonment or imprisonment for a term which may extend to ten years.
PUNISHMENT / IMPLICATIONS (if applicable):
- Imprisonment for up to three years for unlicensed firearms.
- Imprisonment for up to ten years for prohibited firearms.
SOURCE:
- Arms Act, 1959
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