IPCChapter XVII

S. 420

Cheating and dishonestly inducing delivery of property

Description

Whoever cheats and thereby dishonestly induces the person deceived to deliver any property to any person, or to make, alter or destroy the whole or any part of a valuable security, or anything which is signed or sealed, and which is capable of being converted into a valuable security, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine.

Classification u/schedule 1 CrPC

Offence

Punishment

Cheating and there by dishonestly inducing delivery of property, or the making, alteration or destruction of a valuable security

7 Years + Fine

Cognizance

Bail

Triable By

Cognizable

Non-Bailable

Magistrate First Class

Composition u/s 320 CrPC

Offence is Compoundable by

The person cheated, with the permission of the Court