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 25: Provisions of the Act not to apply to certain properties held in trust.
    Nothing contained in this Act shall apply in relation to any property held by a trust or an institution created or established wholly for public, religious or charitable purposes if--
         (i) such property has been so held by such trust or institution from a date prior to the commencement of this Act; or
         (ii) such property is wholly traceable to any property held by such trust or institution prior to the commencement of this Act.
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