Section 177 - Dishonest or fraudulent execution of deed of transfer containing false statement of consideration.

Whoever dishonestly or fraudulently signs, executes or becomes a party to a deed or an instrument, which purports to transfer or subject to a charge any property or any interest therein and which contains a false statement relating to the consideration for that transfer or charge or relating to the person or persons for whose use or benefit it is really intended to operate, shall n be punished with imprisonment for a term which may extend to two years or with fine or with both.