Introduction - 

          Chapter XVIISection 421 to Section 124 of The Indian Penal Code 1860 deals with Fraudulent deed and disposition of property. 


1)  Dishonest or fraudulent removal or concealment of property to prevent distribution among creditors - 

      According to Section 421 of the Indian Penal Code 1860, whoever dishonestly or fraudulently removes, conceals or delivers to any person, or transfers or causes to be transferred to any person, without adequate consideration, any property, intending thereby to prevent, or knowing it to be likely that he will thereby prevent the distribution of that property according to law among his creditors or the creditors of any other person, shall be punished with imprisonment of either description for a term which may extend to two years, or with fine, or with both.

Dishonestly or fraudulently preventing debt being available for creditors - 

       As per Section 422 of the said Code, whoever dishonestly or fraudulently prevents any debt or demand due to himself or to any other person from being made available according to law for payment of his debts or the debts of such other person, shall be punished with imprisonment of either description for a term which may extend to two years, or with fine, or with both.

 Dishonest or fraudulent execution of deed of transfer containing false statement of consideration -

          According to Section 423 of the Indian Penal Code (IPC) 1860, 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.

Dishonest or fraudulent removal or concealment of property - 

          According to Section 424 whoever dishonestly or fraudulently conceals or removes any property of himself or any other person, or dishonestly or fraudulently assists in the concealment or removal thereof, or dishonestly releases any demand or claim to which he is entitled, shall be punished with imprisonment of either description for a term which may extend to two years, or with fine, or with both.


See Also...


Theft, Punishment for theft (Section 378 to Section 382)

Extortion: Offences against property (Indian Penal Code 1860)

Robbery and Dacoity (Section 390 to Section 402 of the Indian Penal Code)

Criminal Misappropriation of Property: Offences against Property.

Cheating: Offences against Property (Section 415 to Section 420 of the Indian Penal Code, 1860)

Receiving Stolen Property (Section 410 to Section 414 of the Indian Penal Code 1860)

Criminal breach of trust (Section 405 to Section 409 of The Indian Penal Code )



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