Section 421 of Indian Penal Code, 1860 – Explained!

The section requires the proof of dishonest or fraudulent intention on the part of the offender. With such intention he must either remove or conceal or deliver to any person, or transfer or cause to be transferred, any property without adequate consideration. By such act he must have intention to prevent or must have knowledge that it is likely that he will thereby prevent the distribution of that property according to law either among his creditors or among the creditors of any other person.

This part of the Code under sections 421 to 424, both inclusive, deal with fraudulent conveyances referred to in section 53, Transfer of Property Act and the Presidency Towns and Provincial Insolvency Acts. The use of the word ‘property’ shows that the section is applicable to both movable and immovable property.

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!

order now

The offence under this section is non-cognizable, bailable and compoundable when permitted by the court trying the case, and is triable by any magistrate.

Related Articles

Section 134 of Indian Penal Code, 1860 – Explained!

Whoever The meaning of the word ‘whoever’ should be understood in the light of section 139 of the Code. Abets The word ‘abets’ has the same meaning as given under section 107 of the Code. Assault The word ‘assaults’ should normally be understood in the sense as given under section 351 of the Code even […]
Read more

Essay on “Positive Law” (According to T. Holland)

The term law as defined by Holland is again distinguishable from morality. We have seen above that law is a general rule of human action. Such general rule of human action is again external. Law is not concerned with thoughts, motives and inner feelings as such unless they are manifested in external actions. Law, therefore, […]
Read more
Search for:

I'm Rebecca!

Would you like to get a custom essay? How about receiving a customized one?

Check it out