Provision

Whoever fraudulently removes, conceals, transfers or delivers to any person any property or any interest therein, intending thereby to prevent that property or interest therein from being taken as a forfeiture or in satisfaction of a fine, under a sentence which has been pronounced, or which he knows to be likely to be pronounced, by a Court of Justice or other competent authority, or from being taken in execution of a decree or order which has been made, or which he knows to be likely to be made by a Court of Justice in a civil suit, shall be punished with imprisonment of either description for a term which may extend to two years, or with fine, or with both.


Simply put

Fraudulent removal or concealment of property to prevent its seizure as a forfeited property or in execution of a decree or order has been made an offence under this section. The section says that whoever with intention to defraud either remove, conceals, transfers or delivers to any person any property or any interest in that property, with the intention thereby to prevent the taking of that property or interest in that property as a forfeiture or in satisfaction of a fine, under a pronounced sentence, or under a sentence about which he has knowledge that it is likely to be pronounced, by either a court of justice or other competent authority, or prevent the taking of that property or interest in that property in execution of a decree or order made by a court of justice, or about which he has knowledge that such a decree or order is likely to be made by a court of justice in a civil suit, shall be punished with simple or rigorous imprisonment for a term extending up to 2 years, or with fine, or with both.



Have a Legal Issue?
Get connected to the Best Lawyers and Chartered Accountants Near You!


You might like reading these