The IPC 1860 was replaced by the BNS 2023 (in force 2024-07-01); no verified section mapping on file for Section 381 — confirm the corresponding provision (savings: Section 358, BNS 2023).
Whoever, being a clerk or servant, or being employed in the capacity of a clerk or servant, commits theft in respect of any property in the possession of his master or employer, shall be punished with imprisonment of either description for a term 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 any Magistrate--Compounded by the owner of the property stolen with the permission of the Court.