Seized Indian currency must be deposited into a separate nationalised bank account when held during foreign exchange investigations. When Indian currency relevant to an investigation under section 37 is in the custody of an Enforcement Directorate officer, the officer must deposit that currency in a nationalised bank to a separate account in the name of the Directorate of Enforcement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Seized Indian currency must be deposited into a separate nationalised bank account when held during foreign exchange investigations.
When Indian currency relevant to an investigation under section 37 is in the custody of an Enforcement Directorate officer, the officer must deposit that currency in a nationalised bank to a separate account in the name of the Directorate of Enforcement.
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