Indian Penal Code 1860
Section 420 :
Cheating and dishonestly inducing delivery of property:
(See section 318(4) of BNS 2023)
Classification of Offence:
Offence: Cheating and thereby dishonestly inducing delivery of property, or the making, alteration or destruction of a valuable security.
Punishment : Imprisonment for 7 years and fine
Cognizable or Non-cognizable : Cognizable
Bailable or Non-bailable :Non-bailable
Compoundable or Non-compoundable : The person cheated.
By Which Court Triable :Magistrate of the first class.
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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.
