SECTION 421 IPC - Indian Penal Code - Dishonest or fraudulent removal or concealment of property to prevent distribution among creditors


Description

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.

Offence : Fraudulent removal or concealment of property etc., to prevent distribution among creditors


Punishment : 2 Years or Fine or Both


Cognizance : Non-Cognizable


Bail : Bailable


Triable : Any Magistrate





FAQ's on IPC Section 421


What offence is defined under IPC 421?

Fraudulent removal or concealment of property etc., to prevent distribution among creditors.


What is the punishment for IPC 421 Case?

The punishment for IPC 421 is 2 Years or Fine or Both.


Is IPC 421 cognizable offence or non-cognizable offence?

IPC 421 is a Non-Cognizable.


How to file/defend your case for IPC 421 offence?

Use LawRato for filing/defending your case under IPC 421 with the help of best criminal lawyers near you.


Is IPC 421 bailable or non-bailable offence?

IPC 421 is a Bailable offence.


In what court can IPC 421 be tried?

IPC 421 is tried in the court of Any Magistrate.



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