IPC Section 467 defines and punishes the act of forgery of a valuable security, will, etc. The section states that whoever forges a document which purports to be either a valuable security or a will, or an authority to adopt a son, or which purports to give authority to any person either 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 simple or rigorous imprisonment for a term extending up to ten years, and shall also be liable to fine.
The offence under this section is aggravated form of forgery. It is a very serious offence as the punishment prescribed shows. Where a person who is not to sign a document signs it for the purpose of making it a valid document he is guilty of signing a false document. As such copying the signature of an agent on a blank draft form of that bank by a co-conspirator was held to be an offence under this section. Getting registered a sale deed by impersonating the real owner is punishable under this section.
The offence under this section is non-cognizable, non-bailable and non- compoundable, and is triable by magistrate of the first class.
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