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IPC Section 423 - Dishonest or fraudulent execution of deed of transfer containing false statement of consideration
Last Updated: 01 Nov, 2026
By Advocate Chikirsha Mohanty
(Upper limit of imprisonment is increased from two years to three years.)
Please refer to BNS 322 for updated procedures & punishments.
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.
Dishonest or fraudulent execution of deed of transfer containing false statement of consideration
| Offence | Punishment | Cognizance | Bail | Triable |
|---|---|---|---|---|
| Fraudulent execution of deed of transfer containing a false statement of consideration | 2 Years or Fine or Both | Non-Cognizable | Bailable | Any Magistrate |
Offence : Fraudulent execution of deed of transfer containing a false statement of consideration
Punishment : 2 Years or Fine or Both
Cognizance : Non-Cognizable
Bail : Bailable
Triable : Any Magistrate
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Frequently Asked Questions
What is Section 423 of the Act?
Insolvency Act (IA) 1986 Section 423 allows the avoidance transactions that are designed to defraud creditor. 19 Sept 2023
What is Section 423?
Indian Penal Code, Section 423: False statement of consideration in a fraudulent or dishonest execution of a deed of transfer.
What is Section 424 of the IPC?
Anyone who dishonestly, fraudulently, conceals or removes property belonging to him or another person, assists dishonestly, fraudulently, in concealing or removing such property, or dishonestly, fraudulently, releases any claim or demand that he has a right to, will be punished by imprisonment for either a period of time.
What is Section 425 of the IPC?
Mischief is committed by anyone who, with the intent to cause or knowing that they are likely to cause, harm to others or themselves, destroys property, or changes the value or utility of property, or damages it in any way.
