Cheating and dishonestly inducing deli every of property. – Whoever cheats and thereby dishonesty induces the person deceived to deliver any property to any person , or to make, alter or destroy the whole or any part o 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 for either description for a tem which may extend to seven years, and shall also be liable to fine.
CLASSIFICATION OF OFFENCE
Punishment-Imprisonment for 7 years and fine-Cognizable –Non-bailable-Triable by Magistrate of the first class –Compoundable by the person cheated with the permission of the court of Fraudulent Deeds and Disposition of Property
Technorati Tags: INDIAN PENAL CODE
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