Section 30 of IPC(Indian Penal Code)-Dhara-Dafa-
The words “valuable security” denote a document which is, or purports to be, a document whereby any legal right is created, extended, transferred, restricted, extinguished or released, or where by any person acknowledges that he lies under legal liability, or has not a certain legal right.
A writes his name on the back of a bill of exchange. As the effect of this endorsement is transfer the right to the bill to any person who may become the lawful holder of it, the endorsement is a “valuable security”.
The certificates which are found as forged for being admitted in the college could be described as valuable security; Kansaheb Kalu Patil v. State of Maharashtra, AIR 1981 SC 80: 1980 Cr LJ 1312.
Meaning and definitions of the terms used in the section description and classification of Indian Laws:
Cognizable offences :
As defined in first schedule of Code of Criminal Procedure, a cognizable offence is a criminal offence in which the police is empowered to register an FIR, investigate, and arrest an accused without a court issued warrant.
Non-Cognizable offence :
A non-cognizable offence is an offence in which police can neither register an FIR, investigate, nor effect arrest without the express permission or directions from the court.
Compoundable offence :
Compoundable offence is permitted to settle before the court.
Non-compoundable is not permitted to settle before the court.