Section 423 of Indian Penal Code, 1860 – Explained!
Legal Provisions of Section 423 of Indian Penal Code, 1860.Dishonest or fraudulent execution of deed of transfer containing false statement of consideration:This section punishes dishonest or fraudulent execution of deed of transfer containing false statement of consideration. It states that whoever either dishonestly or fraudulently signs, executes or becomes a party to any deed or instrument which either purports to transfer any property or subject to any charge any property or any interest in the property, 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 simple or rigorous imprisonment for a term extending up to two years, or with fine, or with…