SECTION 423 IPC - Indian Penal Code - Dishonest or fraudulent execution of deed of transfer containing false statement of consideration

Description of IPC Section 423

According to section 423 of Indian penal code, 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.

IPC 423 in Simple Words

If someone dishonestly signs or participates in a document that transfers or charges property, and that document contains false information about the consideration or the intended beneficiaries, they can be punished with imprisonment up to two years, or fined, or both.