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

Summary

If someone signs or is part of a property transfer or charge document that they know contains a false statement about the payment or value involved, or about who the document is actually meant to benefit, they can be punished. The punishment can be up to two years in prison, a fine, or both.

Official Text

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.

Related Judgments

• MD. IBRAHIM & ORS v. STATE OF BIHAR & ANR. 1261 — Supreme Court of India (2009)
• ... Petitioner/A-5 in Crl.OP.7183/2015 vs The Deputy Superintendent of Police, — Madras High Court (2015)
• LEE KUN HEE & ORS v. STATE OF U.P. & ORS. 299 — Supreme Court of India (2012)
• in Crl.OP.14971/2013 vs The State rep. by — Madras High Court (2013)
• HRIDAYA RANGAN PD. VERMA AND ORS v. STATE OF BIHAR AND ANR. MARCH 31, 2000 — Supreme Court of India (2000)
• .. Petitioners /A1 & A2 vs 1.The State represented by — Madras High Court (2011)
• M/S BANDEKAR BROTHERS PVT. LTD. & ANR v. PRASAD VASSUDEV KENI, ETC. ETC — Supreme Court of India (2020)
• DUTT v. STATE — Supreme Court of India (1966)

Old <-> New Code Mapping

• BNS §322 — Dishonest or fraudulent execution of deed of transfer containing false statement of consideration