Indian Penal Code, 1860

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

Section

423

Punishment

Imprisonment up to Two Year(s) + Fine

Cognizable

Non-cognizable

Bailable

Bailable

Compoundable

Non-Compoundable (Refer to CrPC 320 for exceptions)

Trial Court

Any Magistrate

Bare Act Text

423. Dishonest or fraudulent execution of deed of transfer containing false statement of consideration.— 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.
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