Indian Penal Code 1860
Section 423 :
Dishonest or fraudulent execution of deed of transfer containing false statement of consideration:
(See section 322 of BNS 2023)
Classification of Offence:
Offence: Fraudulent execution of deed of transfer containing a false statement of consideration.
Punishment : Imprisonment for 2 years, or fine, or both.
Cognizable or Non-cognizable : Non-cognizable
Bailable or Non-bailable : Bailable
Compoundable or Non-compoundable : The person affected thereby.
By Which Court Triable : Any Magistrate
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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.
