IPC Section 423

Indian Penal Code

US
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IPCChapter XVII

S. 423

Dishonest or fraudulent execution of deed of transfer containing false statement of consideration

Description

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.

Classification u/schedule 1 CrPC

Offence

Punishment

Fraudulent execution of deed of transfer containing a false statement of consideration

2 Years or Fine or Both

Cognizance

Bail

Triable By

Non-Cognizable

Bailable

Any Magistrate

Composition u/s 320 CrPC

Offence is Compoundable by

The person affected thereby

By Raman Devgan
Updated: 31 Oct 2022
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