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TMI BlogDishonest misappropriation of property.X X X X Extracts X X X X X X X X Extracts X X X X ..... tion for a term which shall not be less than six months but which may extend to two years and with fine. Illustrations. (a) A takes property belonging to Z out of Z s possession, in good faith believing at the time when he takes it, that the property belongs to himself. A is not guilty of theft; but if A, after discovering his mistake, dishonestly appropriates the property to his own use ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or a time only is a misappropriation within the meaning of this section. Illustration. A finds a Government promissory note belonging to Z, bearing a blank endorsement. A, knowing that the note belongs to Z, pledges it with a banker as a security for a loan, intending at a future time to restore it to Z. A has committed an offence under this section. Explanation 2 . A person who ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f appropriating it, he does not believe it to be his own property, or in good faith believe that the real owner cannot be found. Illustrations. (a) A finds a rupee on the high road, not knowing to whom the rupee belongs, A picks up the rupee. Here A has not committed the offence defined in this section. (b) A finds a letter on the road, containing a bank-note. From the direction and c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... scovers that it belongs to Z, and appropriates it to his own use. A is guilty of an offence under this section. (f) A finds a valuable ring, not knowing to whom it belongs. A sells it immediately without attempting to discover the owner. A is guilty of an offence under this section. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Managem ..... X X X X Extracts X X X X X X X X Extracts X X X X
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