IPC Section 403

BNS Section 314— Dishonest misappropriation of property

Effective for any FIR, charge sheet, or filing on or after 1 July 2024. Matters that arose before that date continue under the IPC.

This section penalises dishonest misappropriation or conversion of movable property to one's own use. It covers situations where property initially came into possession innocently but was subsequently appropriated dishonestly, as well as cases of finders who fail to take reasonable steps to locate the owner.

Punishment

Imprisonment of either description for not less than 6 months and up to 2 years, and fine (mandatory minimum of 6 months applies).

Triable by

Magistrate of First Class

Cognizable

Yes

Bailable

Yes