Econimic Offences

 Economic Offences  

THEFT

ORIGINAL JURISDICTION:

Triable by any Magistrate

 

BRIEF:

Under the Indian Penal Code, 1860 theft has been defined under Section 378 as; any person with dishonest intention to take any movable property out of the possession of the rightful owner without their consent moves the said property for the purpose of taking is said to have committed theft.

 

The punishment for theft has been given under section 379 as imprisonment for 3 years, or fine, or both. The offence is Cognizable and non-bailable in nature. This offence is triable by any Magistrate and compoundable by the owner of the property stolen.

EXTORTION

ORIGINAL JURISDICTION:

Triable by any Magistrate

 

BRIEF:

Under the Indian Penal Code, 1860 extortion has been defined under Section 383 as; when any person intentionally puts another person in the fear of injury to deliver any property or valuable security or to sign any papers which may convert into valuable security on signature, commits extortion.

The punishment for extortion has been given under section 384 as imprisonment for 3 years, or fine, or both. The offence is Cognizable and non-bailable in nature. This offence is triable by any Magistrate and non- compoundable