Section 423 · Dishonest or fraudulent execution of deed of transfer containing false statement of consideration
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Whoever dishonestly or fraudulently signs, executes or becomes a party to any deed or
instrument which purports to transfer or subject to any charge any property, or any interest therein, and
which contains any false statement relating to the consideration for such transfer or charge, or relating to
the person or persons for whose use or benefit it is really intended to operate, shall be punished with
imprisonment of either description for a term which may extend to two years, or with fine, or with both.
The offence at a glance
- Punishment
- up to 2 years, fine (no stated ceiling)
- Cognizable
- Non-cognizable
- Bailable
- Bailable
- Compoundable
- Compoundable with the court's permission
- Triable by
- Any Magistrate
- Non-cognizable — Police cannot investigate without a Magistrate's order
- Bailable — Bail is your right — it can be granted at the police station
From the First Schedule to the BNSS (the CrPC's, for IPC offences)
In the new law
IPC 423BNS 322
322. Dishonest or fraudulent execution of deed of transfer containing false statement of consideration.
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