Section: Pakistan Penal Codes ACT 1860

Question About: fraudulent deeds and disposition

Explain the law relating to fraudulent deeds and disposition.

Answer
Law relating fraudulent deed and disposition

Fraudulent deeds and dispositions:

The following provision relates to fraudulent deeds and disposition of property:
1. Dishonest or fraudulent removal or concealment or transfer of property to prevent distribution among creditors. (S.421)
2. Dishonestly or fraudulently preventing from being made available for creditors a debt or demand due to the offender or to any other person. (S.422)
3. Dishonestly or fraudulently signing, executing or becoming a party to any instrument which purports to transfer or charge any property and which contain any false statement as to the consideration for such transfer or charge or as to the person or persons for whose benefit it is intended to operate. (5. 423)
4. Dishonestly or fraudulently concealing or removing any property of the offender or of any other person, or assisting in the concealment or removal thereof or dishonestly releasing any demand or claim to which the offender is entitled. (S.424)

Punishment:

For all kinds described above punishment may be given:
(i) two years
(ii) fine
(iii) or both
Back

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