IPC 474 vs BNS 474
● Modified in BNSHaving possession of document resembling a valuable security, will, etc.
Section 474 of the Indian Penal Code, 1860, deals with having in possession any document resembling a valuable security, will, or authority to transfer property, with intent to commit forgery. This section targets possession of potentially fraudulent documents even before they are used, emphasizing preventive measures against forgery.
Key points:
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Applies when a person possesses a document resembling a valuable security, will, or authority to transfer property with intent to commit forgery.
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Punishment: Imprisonment up to 2 years, or fine, or both, reflecting the preventative nature of the offence.
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Protects legal and financial transactions, property rights, and public trust from potential forgery.
For example, keeping a forged property deed with intent to use it later for unlawful transfer constitutes an offence under IPC 474. This provision ensures legal accountability even at the preparatory stage of forgery.
Possession of document resembling a valuable security, will, etc.
Section 474 of the Bharatiya Nyaya Sanhita, 2023, mirrors IPC 474, punishing acts where a person possesses a document resembling a valuable security, will, or authority to transfer property with intent to commit forgery. This provision safeguards property rights and public trust by preventing potential forgery.
Key points:
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Covers possession of documents resembling valuable legal instruments with intent to commit forgery.
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Punishment: Imprisonment up to 2 years, or fine, or both, same as IPC.
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Ensures prevention and accountability for acts that could lead to fraudulent property or financial transactions.
For instance, holding a forged bank bond intending to use it for financial gain falls under BNS 474. This aligns with IPC 474 to protect individuals and organizations from preparatory acts of forgery.
What changed?
The Bharatiya Nyaya Sanhita re-words or substantively revises this provision. Compare the two columns above to see the differences.