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 three years, or with fine, or with both.

Classification of Offence as per Bharatiya Nagarik Suraksha Sanhita (BNSS)

• Punishment:
  • Imprisonment for 3 years, or fine, or both.
• Non-cognizable
• Bailable
• Triable by Any Magistrate.