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IPC 467

IPC Section 467 – Forgery of Valuable Security, Will, etc. | Bail, FIR & Free Legal Consultation
Section 467 · Indian Penal Code

IPC Section 467 – Forgery of Valuable Security, Will, etc.

Section 467 of the Indian Penal Code punishes forging a document that purports to be a valuable security, a will, an authority to adopt a son, or a document giving authority to transfer valuable security, receive money or property, or acknowledge payment. It is one of the most serious forgery provisions in Indian law — reserved for the falsification of documents that carry significant financial or legal consequence, such as promissory notes, cheques, wills, and property transfer authorisations.

Punishment: Life or up to 10 years + fine
Cognizable: No (Yes if Central Govt. security)
Bailable: No
Compoundable: No
BNS 2023 equivalent: Section 338
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Quick Answer: What Does Section 467 Mean?

In simple terms, Section 467 applies once the offence of "forgery" under Section 463 is established, and the forged document is specifically one of a defined, high-value category — a valuable security (like a promissory note, cheque, or share certificate), a will, an authority to adopt a son, or a document authorising the transfer of money or property, or acknowledging payment or delivery. Because these documents carry serious financial or legal consequences if falsified, the law prescribes one of the harshest punishments among the forgery provisions — up to life imprisonment.

Applies specifically to forgery of high-value documents — valuable securities, wills, and similar authorisations
Requires the general ingredients of forgery, plus the specific nature of the document
Punishable with imprisonment for life, or up to 10 years, along with fine
Non-bailable and non-compoundable — among the most serious forgery offences in the IPC

What is IPC Section 467?

IPC Section 467 punishes forging a document which purports to be a valuable security or a will, an authority to adopt a son, or which purports to give authority to any person to make or transfer any valuable security, to receive the principal, interest, or dividends on it, to receive or deliver money or movable property, or a document purporting to be a receipt acknowledging the payment of money or delivery of property. It was frequently invoked in cases involving forged promissory notes and cheques, forged wills used in inheritance disputes, fabricated property transfer authorisations, and falsified payment receipts used to claim money that was never actually paid.

Section 467 sits within Chapter XVIII of the IPC ("Of Offences Relating to Documents and to Property Marks"). It is one of the most serious forgery provisions because of the nature of the documents involved — financial instruments and testamentary documents whose falsification can cause significant, often irreversible, wrongful loss.

Important Update: IPC to BNS Transition

With effect from 1 July 2024, the Indian Penal Code has been replaced by the Bharatiya Nyaya Sanhita (BNS), 2023 for offences committed on or after that date. Section 467 IPC now corresponds to Section 338 of the BNS, with the same punishment structure. The BNS notably extends the definition of forgery to expressly cover electronic records, meaning forged digital documents, digital signatures, and falsified metadata can now attract this provision as clearly as physical, paper-based forgery. FIRs registered before 1 July 2024 continue to be tried under IPC 467; incidents after that date are registered under the corresponding BNS provision.

Punishment Under Section 467

ImprisonmentImprisonment for life, or imprisonment of either description for a term which may extend to 10 years
FineMandatory alongside imprisonment; amount decided by the court
Nature of OffenceNon-cognizable — except where the forged valuable security is a promissory note or other security of the Central Government, in which case it is cognizable
Bailable / Non-BailableNon-bailable — bail is discretionary and must be applied for before the court
CompoundableNot compoundable under any circumstances
Triable ByMagistrate of the First Class (state amendment in Madhya Pradesh: Court of Session)
Limitation PeriodNone — being punishable with more than 3 years' imprisonment

Key Ingredients / Essential Elements

1

The general ingredients of "forgery" must be met

This requires the making of a false document, or a part of it, with intent to cause damage or injury, to support a claim or title, to cause a person to part with property, to enter into an express or implied contract, or to commit fraud.

2

The forged document must fall within a specific category

It must purport to be a valuable security, a will, an authority to adopt a son, an authority to transfer a valuable security or receive money/interest/dividends, or a receipt acknowledging payment or delivery.

3

Intention to deceive or defraud

The accused must have made the forged document with the necessary fraudulent or dishonest intention, as required by the general definition of forgery.

4

Even an unregistered document can qualify

Courts have held that a document need not be formally registered to "purport to be" a valuable security or will within the meaning of Section 467.

What Should You Do — For Victims and For the Accused

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If a Document Affecting You Has Been Forged

  1. Preserve the original suspected forged document along with any genuine documents for comparison.
  2. File a written complaint at the local police station, or before the Magistrate given the offence's non-cognizable status in most cases (unless it involves a Central Government security).
  3. Consider engaging a handwriting/forensic document examiner to support the claim of forgery.
  4. Where the forgery affects a civil matter (such as a will or property document), pursue the relevant civil remedy alongside the criminal complaint.
📞 Talk to a Lawyer — Complainant Support
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If an FIR / Complaint Is Filed Against You

  1. Do not ignore a police notice or summons, and do not make statements without a lawyer present.
  2. Engage a criminal lawyer immediately given the seriousness of the offence and discretionary nature of bail.
  3. Gather evidence bearing on the document's genuineness, or on the absence of the fraudulent intent required for forgery.
  4. Consider engaging an independent forensic document examiner to challenge the prosecution's claim of forgery, where appropriate.
📞 Talk to a Lawyer — Defence Support

FIR Filing & Bail Process Under Section 467

STEP 1

Filing the Complaint

Since the offence is generally non-cognizable, a complaint is typically filed before a Magistrate under Section 200 CrPC (now BNSS), except where a Central Government security is involved, which is cognizable.

STEP 2

Investigation

Forensic document examination (handwriting analysis, ink/paper dating, and increasingly digital forensic analysis for electronic records) is central to establishing forgery.

STEP 3

Bail

Being non-bailable, bail is discretionary, and courts examine the seriousness of the alleged forgery, the value involved, and the risk of tampering with evidence.

STEP 4

Chargesheet & Trial

The case is tried before a Magistrate of the First Class (Court of Session in Madhya Pradesh), with expert forensic testimony often playing a central role.

Important / Landmark Cases on Section 467

Supreme Court of India

Mohd. Ibrahim & Ors. v. State of Bihar & Anr., (2009) 8 SCC 751

The Supreme Court examined what constitutes forgery of a "valuable security" and reaffirmed that the essential ingredients of forgery under Sections 463/464, in addition to the document falling within the specific categories of Section 467, must be clearly established.

Principle relied on: A charge under Section 467 requires precise pleading and proof of both the general forgery elements and the specific category of document involved — general or vague allegations are insufficient.
High Court Ruling

Daniel Hailey Walcott v. State

This case is frequently cited for establishing precedents on the required intent and the nature of the documents that fall within the scope of Section 467, particularly regarding the mental element of fraudulent intention.

Principle relied on: The intent to deceive or cause wrongful gain/loss is central to sustaining a Section 467 charge, not merely the act of altering or fabricating a document.
General Legal Principle

Registration Status Is Not Determinative

Courts have clarified that an unregistered document can still "purport to be" a valuable security or a will within the meaning of Section 467, so long as it outwardly holds itself out as such a document.

Principle relied on: The test is whether the document purports to be one of the specified categories, not whether it has been formally registered under any other law.

Frequently Asked Questions on Section 467

What exactly does IPC Section 467 punish?+
It punishes forging a document that purports to be a valuable security, a will, an authority to adopt a son, or similar high-value authorisation/receipt documents, with imprisonment for life or up to 10 years, and fine.
Is Section 467 a bailable offence?+
No, it is non-bailable, and bail is granted at the court's discretion.
Can Section 467 cases be settled out of court?+
No, it is non-compoundable under any circumstances.
Is Section 467 cognizable?+
Generally non-cognizable, except where the forged valuable security is a promissory note or other security of the Central Government, in which case it is cognizable.
What counts as a "valuable security" under this section?+
Documents such as promissory notes, cheques, bonds, share certificates, and other instruments that create, extend, transfer, restrict, extinguish, or release a legal right or liability.
Does forging a will fall under Section 467?+
Yes, forging a will is expressly covered, and is frequently a central issue in contested inheritance and succession disputes.
Does Section 467 cover digital or electronic forgery?+
Under the corresponding BNS Section 338, forgery expressly extends to electronic records; under the original IPC, digital forgery was addressed through related provisions read together with the IT Act.
How do I file a complaint under Section 467?+
Since it is generally non-cognizable, a complaint is typically filed before a Magistrate under Section 200 CrPC (now BNSS), unless a Central Government security is involved.
Is there a limitation period for Section 467?+
No, since the maximum punishment exceeds 3 years.
Is Section 467 still valid after the BNS came into force?+
IPC Section 467 continues for offences before 1 July 2024; after that, Section 338 BNS applies, extending expressly to electronic records.
Disclaimer: This page is provided for general legal information and educational purposes only. It does not constitute legal advice. Please verify current provisions with a qualified advocate before taking any action.
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