IPC § 421 · Indian Penal Code, 1860 · Repealed on 1 July 2024
Section 421 IPC — Dishonest or fraudulent removal or concealment of property to prevent distribution among creditors
Replaced from 1 July 2024 by BNS 320 of the Bharatiya Nyaya Sanhita, 2023. Offences committed on or before 30 June 2024 are still charged under the IPC.
The law now: BNS 320 — Dishonest or fraudulent removal or concealment of property to prevent distribution among creditors
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.
Source: India Code (indiacode.gov.in). The Gazette of India is the authoritative text. BNS 320 in full