Notice of forfeiture of property. 119. (1) If as a result of the inquiry, investigation or survey under section 116, theCourt has reason to believe that all or any of such properties are proceeds of crime, it mayserve a notice upon such person (hereinafter referred to as the person affected) callingupon him within a period … Read more
Management of properties seized or forfeited under this Chapter. 118. (1) The Court may appoint the District Magistrate of the area where the propertyis situated, or any other officer that may be nominated by the District Magistrate, to performthe functions of an Administrator of such property.(2) The Administrator appointed under sub-section (1) shall receive and … Read more
Seizure or attachment of property. 117. (1) Where any officer conducting an inquiry or investigation under section 116has a reason to believe that any property in relation to which such inquiry or investigationis being conducted is likely to be concealed, transferred or dealt with in any manner whichwill result in disposal of such property, he … Read more