https://www.taxtmi.com/caselaws?id=99666 Seized documents could be retained under the Foreign Exchange Regulation Act, 1973 where adjudication proceedings had been validly commenced. Search and seizure were authorised under sections 37 and 38, while section 41 allowed retention for up to one year and beyond that if proceedings under section 51 were initiated. A notice under rule 3(1) of the Adjudication Proceedings and Appeal Rules, 1974 was treated as the necessary initial step for commencement of section 51 proceedings. Because the notice dated 4 August 1977 validly initiated adjudication, continued custody of the documents was justified and return of the documents was refused. en-us Wed, 08 Feb 1978 00:00:00 +0530 Sat, 28 Jan 2012 12:19:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99666 Seized documents could be retained under the Foreign Exchange Regulation Act, 1973 where adjudication proceedings had been validly commenced. Search and seizure were authorised under sections 37 and 38, while section 41 allowed retention for up to one year and beyond that if proceedings under section 51 were initiated. A notice under rule 3(1) of the Adjudication Proceedings and Appeal Rules, 1974 was treated as the necessary initial step for commencement of section 51 proceedings. Because the notice dated 4 August 1977 validly initiated adjudication, continued custody of the documents was justified and return of the documents was refused. Case-Laws Companies Law Wed, 08 Feb 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99666