Section 58A

Special Court to release the property.

The Prevention of Money-Laundering Act, 2002

  • Act 15 of 2003
  • Ministry of Finance
  • Department of Revenue
About this Act

An Act to prevent money-laundering and to provide for confiscation of property derived from, or involved in, money-laundering and for matters connected therewith or incidental thereto.

All sections
    1[58A. Special Court to release the property.--Where on closure of the criminal case or conclusion of a trial in a criminal court outside India under the corresponding law of any other country, such court finds that the offence of money-laundering has not taken place or the property in India is not involved in money-laundering, the Special Court may, on an application moved by the concerned person or the Director, after notice to the other party, order release of such property to the person entitled to receive it.]

Notes

1. Ins. by Act 2 of 2013, s. 24 (w.e.f. 15-2-2013).

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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