Introduction:

Here we are going to explain what is punishable offence in this section is and how much has imprisonment or fine under section 421.

Description:

Dishonest or fraudulent removal or concealment of property to prevent distribution among creditors:

In this section states that whoever dishonestly or fraudulently removes, conceals or delivers to any person, or transfer or causes to be transferred to any person, without adequate consideration, any property, intending thereby to pre­vent, or knowing it to be likely that he will thereby prevent, the distribution of that property according to law among his creditors or the creditors of any other person, shall be punished with imprisonment of either description for a term which may extend to two years, or with fine, or with both.

CLASSIFICATION OF OFFENCE Punishment:

Offence : Fraudulent removal or concealment of property etc., to prevent distribution among creditors.

Punishment - 2 Years or Fine or Both

This is a Bailable, Non-Cognizable offence and Triable by Any Magistrate

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