Introduction:

Here we are going to explain what is punishable offence in this section is and how much has imprisonment or fine under section 423.

Description:

Dishonest or fraudulent execution of deed of transfer con­taining false statement of consideration:

In this section states that 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.


CLASSIFICATION OF OFFENCE Punishment:

Offence : Fraudulent execution of deed of transfer containing a false statement of consideration

Punishment - 2 Years or Fine or Both

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

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