Indian Penal Code
IPC 421 is now BNS 320.
Dishonest or fraudulent removal or concealment of property to prevent distribution among creditors
Carried over
Old wording kept in full
Old · IPC 1860 · Ch. XVII
s. 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 transfers 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.
Text from the official India Code PDF
New · BNS 2023 · Ch. XVII
s. 320
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 transfers 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 shall not be less than six months but which may extend to two years, or with fine, or with both.
Text from India Code