Is there any specified time limit within which an order of seizing/freezing under Section 68 F of the Act has to be passed?
The Act does not specify a time period within which a seizing/freezing order must be passed. Once the enforcement officer receives an information to his satisfaction that a person to whom provisions under chapter VA of the Act applies holds illegally acquired properties, it is mandatory for him under section 68 E of the Act to take all the steps necessary for tracing and identifying illegally acquired properties. However there is no fixed time period for completion of the tracing and identification proceedings unless fixed by the Competent Authority under subsection 3 of section 68 E. Generally no time period is fixed by the Competent Authority considering the complexities involved in the tracing and identification of such properties. However it is desirable that the identification and tracing job is completed within a reasonable period of time and subsequent order under section 68 F is issued as soon as possible.
The Act does not specify a time period within which a seizing/freezing order must be passed. Once the enforcement officer receives an information to his satisfaction that a person to whom provisions under chapter V A of the Act applies holds illegally acquired properties, it is mandatory for him under section 68 E of the Act to take all the steps necessary for tracing and identifying illegally acquired properties. However, there is no fixed time period for completion of the tracing and identification proceedings unless fixed by the Competent Authority under subsection 3 of Section 68 E. Generally no time period is fixed by the Competent Authority considering the complexities involved in the tracing and identification of such properties. However, it is desirable that the identification and tracing job is completed within a reasonable period of time and subsequent order under section 68 F is issued as soon as possible.
