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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Pramod is the Founder and Editor-in-Chief of StudyHub. He holds a Master's degree and is currently pursuing a Ph.D. in Geology, alongside more than 7+ years spent building and verifying competitive exam content for Indian aspirants. He leads StudyHub's editorial process across Indian Polity, the Constitution, Indian Economy, History, Geography, Science, and the platform's other subject areas — checking every article against primary sources (bare act text and Gazette notifications for constitutional topics, government and Economic Survey data for economy content, standard reference material elsewhere) and flagging it for re-verification whenever a relevant amendment, policy, or data update makes an earlier version outdated.