Lawgist68CProhibition of holding illegally acquired property
1[68C. Prohibition of holding illegally acquired property.-- (1) As from the commencement of this Chapter, it shall not be lawful for any person to whom this Chapter applies to hold any illegally acquired property either by himself or through any other person on his behalf.
(2) Where any person holds any illegally acquired property in contravention of the provisions of sub-section (1), such property shall be liable to be forfeited to the Central Government in accordance with the provisions of this Chapter:
2[Provided that no property shall be forfeited under this Chapter if such property was acquired, by a person to whom this Act applies, before a period of six years from the date he was arrested or against whom a warrant or authorisation of arrest has been issued for the commission of an offence punishable under this Act or from the date the order or detention was issued, as the case may be.]]
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1. Ins. by Act 2 of 1989, s. 19 (w.e.f. 29-5-1989)
2. Subs. by Act 9 of 2001, s. 33, for "the proviso" (w.e.f. 2-10-2001).
- 68A Application
- 68B Definitions
- 68C Prohibition of holding illegally acquired property
- 68D Competent authority
- 68E Identifying illegally acquired property
- 68F Seizure or freezing of illegally acquired property
- 68G Management of properties seized or forfeited under this Chapter
- 68H Notice of forfeiture of property
- 68-I Forfeiture of property in certain case
- 68J Burden of proo
- 68K Fine in lieu of forfeitur
- 68L Procedure in relation to certain trust properties
- 68M Certain transfers to be null and voi
- 68N Constitution of Appellate Tribunal
- 68-O Appeal
- 68P Notice or order not to be invalid for error in description
- 68Q Bar of jurisdictio
- 68R Competent authority and Appellate Tribunal to have powers of civil court
- 68S Information to competent authorit
- 68T Certain officers to assist Administrator, competent authority and Appellate Tribunal
- 68U Power to take possession
- 68V Rectification of mistakes
- 68W Findings under other laws not conclusive for proceedings under this Chapter
- 68X Service of notices and orders
- 68Y Punishment for acquiring property in relation to which proceedings have been taken, under this Chapte
- 68Z Release of property in certain cases
