Section 318(4) BNS replaces Section 420 IPC for cheating and dishonestly inducing delivery of property offences committed on or after July 1, 2024.
What is Section 420 IPC?
Cheating and dishonestly inducing delivery of property.— Whoever cheats and thereby dishonestly induces the person deceived to deliver any property to any person, or to make, alter or destroy the whole or any part of a valuable security, or anything which is signed or sealed, and which is capable of being converted into a valuable security, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine.
Section 420 IPC: Punishment, Bail, and Trial Details
| Section | Section 420 IPC |
|---|---|
| Offence | Cheating and thereby dishonestly inducing delivery of property, or the making, alteration or destruction of a valuable security. |
| Punishment | Imprisonment for 7 years and fine. |
| Cognizable or Non-cognizable | Cognizable. |
| Bailable or Non-bailable | Non-bailable. |
| Person by whom offence may be compounded | The person cheated. With the permission of the Court before which any prosecution for such offence is pending. |
| By what Court Triable | Magistrate of the first class. |