320. 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.
BNS Section 320: Dishonest or fraudulent removal or concealment of property to prevent distribution among creditors
Section 320 of the Bharatiya Nyaya Sanhita, 2023 deals with dishonest or fraudulent removal or concealment of property to prevent distribution among creditors. It replaces IPC 421 of the Indian Penal Code, 1860. Under the BNSS First Schedule, BNS 320 is non-cognizable and bailable.
Bail, cognizability and punishment
| Section | Offence | Punishment | Cognizable | Bailable | Triable by |
|---|---|---|---|---|---|
| 320 | Fraudulent removal or concealment of property, etc., to prevent distribution among creditors. | Imprisonment of not be less than 6 months but which may extend to 2 years, or fine, or both. | Non-cognizable | Bailable | Any Magistrate |
Source: BNSS, 2023, First Schedule, Part I.
Text of BNS Section 320
IPC sections replaced
- IPC 421: Dishonest or fraudulent removal or concealment of property to prevent distribution among creditors
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