Legal Question in Credit and Debt Law in Pakistan

420. Cheating and dishonestly Inducing delivery of property: Whoever cheats and

thereby dishonestly induces the person deceived to deliver any property to any person, or

to make, alter or destroy the whole or any part of a valuable security, or anything which is

signed or sealed, and which is capable of being converted into a valuable security, shall

be punished with imprisonment, of either description for a term which may extend to seven

years, and shall also be liable to fine.

max punishment is seven years which can be reduced by Judges,detail is as under .

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468. Forgery for purpose of cheating: Whoever commits forgery, intending that, the

document forged shall be used for the purpose of cheating, shall be punished with

imprisonment of either description for a term which may extend to seven years, and shaft

also be liable to fine.

471. Using as genuine a forged document: Whoever fraudulently or dishonestly uses

as genuine any document which he knows or has reason to believe to be a forged

document, shall be punished in the same manner as if he had forged such document.