Heres all I found. Google is your friend.
ww2.americansforgunsafety.com/the_issues_state_initiatives.asp?stateid=15--Straw Purchase Law: Indiana Code 35-47-2.5-14 prohibits a person from purchasing a firearm with the intent to “(1) resell or otherwise provide the handgun to another person who knows or has reason to believe is ineligible for any reason to purchase or otherwise receive a firearm from a dealer a handgun; or (2) transport the handgun out of state to be resold or otherwise provided to another person who the transferor knows is ineligible for any reason to purchase or otherwise receive a firearm.” The penalty for a violation of this section is a Class D felony or a Class C felony if the violation involves a transfer of more than 1 handgun.
--Further, 35-47-2.5-15 prohibits “a person who is ineligible to purchase or otherwise receive or possess a handgun in Indiana” to knowingly or intentionally solicit, employ, or assist any person who is ineligible to possess a handgun, in purchasing or possessing a handgun. A violation of this section is a Class D felony. If the violation involves a transfer of more than 1 handgun, the penalty increases to a Class C felony.
--Lastly, Indiana Code 35-47-2-17 prohibits an individual from “giving false information or offering false evidence of identity” when attempting to purchase a handgun or in applying for a license to carry a handgun.
And here's an off topic part that I referred to earlier in terms of gun tracing. It very rarely happens.
--Mandatory Crime Gun Tracing: No state law exists requiring that all guns used in the commission of a crime and recovered by law enforcement be traced to their original owners if the original ownership cannot be determined by other means.
BTW I think AGS is a anti gun group, but they quote the code, near as I can tell.