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Section 421 - Indian Penal Code, 1860
Indian Penal Code, 1860
421. Dishonest or fraudulent removal or concealment of property to prevent distribution among creditors
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.
Related Sections
- Section 64: Sentence of imprisonment for non-payment of fine
- Section 418: Cheating with knowledge that wrongful loss may ensue to person whose interest offender is bound to protect
- Section 94: Act to which a person is compelled by threats
- Section 227: Violation of condition of remission of punishment
- Section 76: Act done by a person bound, or by mistake of fact believing himself bound, by law
Related Acts
* Only for reference.