In forceUpdated to 4 Jul 2023Current version · Updated to 4 Jul 2023
Penal Code · Updated to 4 Jul 2023 · Chapter XVII
423. Dishonest or fraudulent execution of deed of transfer containing a false statement of consideration
Feedback & supportWhoever 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 for a term which may extend to five years or with fine or with both.