Adjudicating Authority re designation alters Benami Act jurisdiction; Competent Authority under Smugglers Act will exercise powers. Amendments redesignate the Adjudicating Authority under the Benami Act so that the Competent Authority under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 will exercise jurisdiction, powers and authority under the Benami Act; consequentially sections 8-17 and specified clauses of section 68 are omitted. The amendments commence on 1 July 2021 and extend the time limit for orders under section 26(7) that would expire between 1 July 2021 and 29 September 2021 to 30 September 2021.
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Adjudicating Authority re designation alters Benami Act jurisdiction; Competent Authority under Smugglers Act will exercise powers.
Amendments redesignate the Adjudicating Authority under the Benami Act so that the Competent Authority under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 will exercise jurisdiction, powers and authority under the Benami Act; consequentially sections 8-17 and specified clauses of section 68 are omitted. The amendments commence on 1 July 2021 and extend the time limit for orders under section 26(7) that would expire between 1 July 2021 and 29 September 2021 to 30 September 2021.
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