Under Section 316 of the BNS, 2023, criminal breach of trust is defined. Which of the following elements is essential for this offence?

Section 316 of the BNS, 2023 (corresponding to the former Section 405 of the IPC) defines criminal breach of trust. The essential elements are: (i) the accused must have been entrusted with property or with any dominion over property; (ii) the accused must have dishonestly misappropriated or converted the property to his own use, or dishonestly used or disposed of that property in violation of any direction of law prescribing the mode in which such trust is to be discharged, or of any legal contract which he has made touching the discharge of such trust, or willfully suffered any other person to do so. The property can be movable or immovable; the accused need not be a public servant (though aggravated forms exist for public servants, bankers, and agents); no violence is required; and there is no minimum monetary threshold. The gravamen of the offence is the dishonest breach of the trust reposed.