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.
CHAPTER XVII OF OFFENCES AGAINST PROPERTY · Of Fraudulent Deeds and Dispositions of Property
Section 423: Dishonest or fraudulent execution of deed of transfer containing false statement of consideration
The Indian Penal Code, 1860 (repealed)
Repealed by the Bharatiya Nyaya Sanhita, 2023 (45 of 2023) with effect from 1 July 2024.
Now in the BNS
As given in the correspondence table of the National Crime Records Bureau (Ministry of Home Affairs). Read both texts before relying on it. NCRB table
| 423. Dishonest or fraudulent execution of deed of transfer containing false statement of consideration. | BNS 322 |
Questions on this section
1 question in 1 of our papers cite Section 423. Try these from the free papers:
1. In Sudha Rakesh v. State of Karnataka (5 October 2026), the Supreme Court quashed an FIR arising out of a land deal which invoked cheating and Section 423 IPC. It observed that Section 423 IPC (now Section 322 of the BNS) requires: