Section 423 Indian Penal Code (IPC) 1860

Section 423 Indian Penal Code

Section 423 of the Indian Penal Code 1860 is about Dishonest or fraudulent execution of deed of transfer containing false statement of consideration. It is under ‘Of Fraudulent Deeds and Dispositions of Property’ of CHAPTER XVII (OF OFFENCES AGAINST PROPERTY) of the Code.

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.