IPC Section 423 — Dishonest or fraudulent execution of deed of transfer containing false statement of consideration
fraudulent deeds and dispositions property
Criminal
Punishment
Imprisonment up to 2 years, or fine, or both
As the section puts it: “shall be punished with imprisonment of either description for a term which may extend to two years, or with fine, or with both”
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. vs STATE OF BIHAR & ANR — Supreme Court of India (2009)
- GOPAL JOHARI vs THE STATE GOVT OF NCT OF DELHI & ORS — Delhi High Court (2023)
- HRIDAYA RANGAN PD. VERMA AND ORS. vs STATE OF BIHAR AND ANR — Supreme Court of India (2000)
Old <-> New Code Mapping
- BNS §322 — Dishonest or fraudulent execution of deed of transfer containing false statement of consideration
