The IPC 1860 was replaced by the BNS 2023 (in force 2024-07-01); no verified section mapping on file for Section 424 — confirm the corresponding provision (savings: Section 358, BNS 2023).
Whoever dishonestly or fraudulently conceals or removes any property of himself or any other person, or dishonestly or fraudulently assists in the concealment or removal thereof, or dishonestly releases any demand or claim to which he is entitled, shall be punished with imprisonment of either description for a term which may extend to two years, or with fine, or with both. CLASSIFICATION OF OFFENCE Punishment--Imprisonment for 2 years, or fine, or both--Non-cognizable--Bailable--Triable by any Magistrate--Compoundable by the person affected thereby with the permission of the Court.