https://www.taxtmi.com/acts?id=42306 The Court may, after considering explanations to a show-cause notice and giving affected persons an opportunity to be heard (or proceeding ex parte if they do not appear), record that all or certain properties are proceeds of crime. If specific properties cannot be identified, the Court may designate properties as proceeds. Properties found to be proceeds of crime shall stand forfeited to the Central Government free from encumbrances, and companies must register the Central Government as transferee of forfeited shares. en-us Thu, 28 Dec 2023 12:05:58 +0530 Thu, 28 Dec 2023 12:05:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=42306 The Court may, after considering explanations to a show-cause notice and giving affected persons an opportunity to be heard (or proceeding ex parte if they do not appear), record that all or certain properties are proceeds of crime. If specific properties cannot be identified, the Court may designate properties as proceeds. Properties found to be proceeds of crime shall stand forfeited to the Central Government free from encumbrances, and companies must register the Central Government as transferee of forfeited shares. Act-Rules Bharatiya Nyaya Thu, 28 Dec 2023 12:05:58 +0530 https://www.taxtmi.com/acts?id=42306