Chapter VIII - RECIPROCAL ARRANGEMENTS FOR ASSISTANCE IN CERTAIN MATTERS AND PROCEDURE FOR ATTACHMENT AND FORFEITURE OF PROPERTY (From Section 111 to Section 124)
Bharatiya Nagarik Suraksha Sanhita, 2023 Chapter VIII RECIPROCAL ARRANGEMENTS FOR ASSISTANCE IN CERTAIN MATTERS AND PROCEDURE FOR ATTACHMENT AND FORFEITURE OF PROPERTY
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Notice of forfeiture requires a person to disclose asset sources and show cause or risk forfeiture to government. Section 119 empowers the Court to serve a notice on a person believed to hold property that may be proceeds of crime, requiring disclosure of the source of income or assets, evidence relied upon and a show-cause response why the property should not be declared proceeds of crime and forfeited to the Central Government; if property is held by another on behalf of the person, the notice must be copied to that other person.
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.
Notice of forfeiture requires a person to disclose asset sources and show cause or risk forfeiture to government.
Section 119 empowers the Court to serve a notice on a person believed to hold property that may be proceeds of crime, requiring disclosure of the source of income or assets, evidence relied upon and a show-cause response why the property should not be declared proceeds of crime and forfeited to the Central Government; if property is held by another on behalf of the person, the notice must be copied to that other person.
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