Notice of forfeiture of property.
119. (1) If as a result of the inquiry, investigation or survey under section 116, the
Court has reason to believe that all or any of such properties are proceeds of crime, it may
serve a notice upon such person (hereinafter referred to as the person affected) calling
upon him within a period of thirty days specified in the notice to indicate the source of
income, earnings or assets, out of which or by means of which he has acquired such
property, the evidence on which he relies and other relevant information and particulars,
and to show cause why all or any of such properties, as the case may be, should not be
declared to be proceeds of crime and forfeited to the Central Government.
(2) Where a notice under sub-section (1) to any person specifies any property as
being held on behalf of such person by any other person, a copy of the notice shall also be
served upon such other person.
Read also : Section 246 in THE BHARATIYA NYAYA SANHITA, 2023 – BNS