Sections 421 to 424

THE INDIAN PENAL CODE, 1860

CONTENTS

CHAPTER XVII

OF OFFENCES AGAINST PROPERTY

8

OF FRAUDULENT DEEDS AND DISPOSITION OF PROPERTY

421. Dishonest or fraudulent removal or concealment of property to prevent distribution among creditors

422. Dishonestly or fraudulently preventing debt being available for creditors

423. Dishonest or fraudulent execution of deed of transfer containing false statement of consideration

424. Dishonest or fraudulent removal or concealment of property

CHAPTER XVII

OF OFFENCES AGAINST PROPERTY

8

OF FRAUDULENT DEEDS AND DISPOSITION OF PROPERTY

421. Dishonest or fraudulent removal or concealment of property to prevent distribution among creditors. —

Whoever dishonestly or fraudulently removes, conceals or delivers to any person, or transfer 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.

422. Dishonestly or fraudulently preventing debt being available for creditors. —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.

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 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.

424. Dishonest or fraudulent removal or concealment of property. —

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.

Posted in: Sections 421 to 424