What is Section 30 IPC? Valuable security
Published on: Lawiz Team
Detailed explanation of Section 30 IPC: Valuable security.
Official Legal Text
'Valuable security' means a document which is, or purports to be, a document whereby any legal right is created, extended, transferred, restricted, extinguished or released.
What This IPC Section Means – Explained in Simple Words
'Valuable security' is a document that creates or affects a legal right like property papers or bonds.
Purpose
To distinguish high-importance documents under IPC.
Bailable or Not Bailable & Punishment
Bailable: Not Applicable, Punishment: As applicable for offences involving valuable securities.
Scope and Application
Includes documents creating or affecting rights.
Important Legal Points
Document must have legal impact to be valuable security.
Illustrative Example
A will or property deed is a valuable security.
Exceptions and Special Cases
Letters or informal writings are not included.
Conclusion
Highlights significance of legally impactful documents.
FAQs
What does Section 30 IPC define?
Valuable security.
Who or what is covered under the term 'Valuable security' in IPC?
This section clarifies the scope of the term 'valuable security' for legal interpretation in Indian law.
How is the term 'Valuable security' used in Indian court proceedings?
It helps establish identity, role, or responsibility depending on the legal context.
Why is Section 30 IPC important?
It ensures consistent legal language and understanding across all legal processes.
Are there any other sections linked to Section 30 IPC?
Yes, multiple IPC sections refer to the term 'valuable security' as defined here.
How should this term be interpreted?
It should be interpreted broadly or narrowly depending on the legislative intent and case facts.
Can you give an example where Section 30 IPC is applied?
This section is applied when determining if a person/entity qualifies as a 'valuable security' under IPC.