Act Number: 13

Act Name: The Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976

Year: 1976

Enactment Date: 1976-01-25

Long Title: An Act to provide for the forfeiture of illegally acquired properties of smugglers and foreign exchange manipulators and for matters connected therewith or incidental thereto.

Ministry: Ministry of Finance

Department: Department of Revenue

Section 4: Prohibition of holding illegally acquired property.
    (1) As from the commencement of this Act, it shall not be lawful for any person to whom this Act 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 Act.
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