Introduction:

Here we are going to explain what is punishable offence in this section and how much has imprisonment or fine under section 467.

Description:

Forgery of valuable security, will, etc.:-

In this section states that whoever forges a document which purports to be a valuable security or a will, or an authority to adopt a son, or which purports to give authority to any person to make or transfer any valuable security, or to receive the principal, interest or dividends thereon, or to receive or deliver any money, movable property, or valuable security, or any document purporting to be an acquittance or receipt acknowledging the payment of money, or an acquittance or receipt for the delivery of any movable property or valuable security, shall be punished with imprisonment for life, or with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.

                       

CLASSIFICATION OF OFFENCE Punishment:

1. Offence: Forgery of a valuable security, will or authority to make or transfer any valuable security, or to receive any money, etc.

Punishment - Imprisonment for Life or 10 Years + Fine

This is a Non-Bailable, Non-Cognizable offence and Triable by Magistrate First Class

 

2. Offence: When the valuable security is a promissory note of the Central Government.

Punishment - Imprisonment for Life or 10 Years + Fine

This is a Non-Bailable, Cognizable offence  and Triable by Magistrate First Class

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