There may be considerable gap between the seizing/freezing of the properties and their forfeiture/disposal. How are the properties to be managed during the intervening period?
For management of seized/frozen properties a Administrator has been appointed under the Act. At present all Competent Authorities have been appointed as Administrator also. The Seized/frozen properties have to be received by the Administrator who manages the properties as per provisions of ” The Illegally Acquired Property (Receipt, Management and Disposal) Rules 1989.
Related Questions
- There may be considerable gap between the seizing/freezing of the properties and their forfeiture/disposal. How are the properties to be managed during the intervening period?
- Is it necessary that a seizing/freezing order under Section 68 F should be issued only after all the illegally acquired properties have been traced and identified?
- Why Should RBO Sites Differentiate Managed Properties?
