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.

CLASSIFICATION OF OFFENCE
Punishment—Imprisonment for 2 years, or fine, or both—Non-cognizable— Bailable—Triable by any Magistrate—Compoundable by the person affected thereby with the permission of the court.

Read Indian Penal Code (IPC) in a better and systematic way.

Bare Act PDFs

Read IPC each section wise.

Download beautiful, colourful, mobile friendly PDF for IPC.

WritingLaw
Latest posts by WritingLaw (see all)
WritingLaw » IPC » Section 423 IPC Law Study Material
If you are a regular reader, please consider buying the Law PDFs and MCQ Tests. You will love them. You may also support us with any amount you like. Thank You.