Equivalent Legacy Law: IPC Section 405
BNS Section 316 deals with the legal rules and penalties for CRIMINAL BREACH OF TRUST. In simple terms: Taking property or money that was trusted to you (like in a job or business partnership) and dishonestly using it for your own benefit.
Real-World Scenario
"Giving your gold ring to a jeweler to get it polished, but the jeweler sells it instead of returning it."