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INDIAN KANOON SECTION 467 IPC - Indian Penal Code - Forgery of valuable security, will, etc.


Description

Whoever forges a document which purports to be a valuable security or a will, or an authority to adopt a son, or which purports to give authority to any person to make or transfer any valuable security, or to receive the principal, interest or dividends thereon, or to receive or deliver any money, movable property, or valuable security, or any document purporting to be an acquittance or receipt acknowledging the payment of money, or an acquittance or receipt for the delivery of any movable property or valuable security, shall be punished with imprisonment for life, or with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.


Applicable Offences

1. Forgery of a valuable security, will or authority to make or transfer any valuable security, or to receive any money, etc.

Punishment - Imprisonment for Life or 10 Years + Fine
This is a Non-Bailable, Non-Cognizable offence and triable by Magistrate First Class

2. When the valuable security is a promissory note of the Central Government

Punishment - Imprisonment for Life or 10 Years + Fine
This is a Non-Bailable, Cognizable offence and triable by Magistrate First Class

This offence in NOT compoundable.

1. If an offence is cognizable, police has the authority to arrest the accused without a warrant and to start an investigation with or without the permission of a court. Otherwise police does not have the authority to arrest the accused without a warrant and an investigation cannot be initiated without a court order.

2. If an offience is bailable, police has the authority to release the accused on bail on getting the defined surety amount along with a duly filled bail bond at the concerned police station. Otherwise arrested person has to apply for bail before a magistrate or court

3. If an offence is compoundable, a compromise can be done between the accused and the victim, and a trial can be avoided. Otherwise, No compromise is allowed between the accused and the victim except under certain situations, where the High Court or the Supreme Court have the authority for quashing a matter.


Click here to read more from the Indian Penal Code (IPC), 1860.


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