Section 420, IPC 1860 — replaced by Section 318, BNS 2023 (in force 1 Jul 2024). The prior code continues to govern matters arising before that date (savings: Section 358, BNS 2023).
Whoever cheats and thereby dishonestly induces the person deceived any property to any person, or to make, alter or destroy the whole or any part of 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 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 Magistrate of the first class--Compoundable by the person cheated with the permission of the Court.