What shall be done once the illegally acquired properties have been identified and traced?
The officer, if he has reasons to believe that the identified illegally acquired properties may be concealed /transferred or may be dealt in any manner which will affect their forfeiture proceeding under Chapter VA, he shall seize the property and shall pass a seizure order. If due to any reason seizure is not practicable he shall pass a freezing order prohibiting transfer of the property.
The officer, if he has reasons to believe that the identified illegally acquired properties may be concealed/transferred or may be dealt in any manner which will affect their forfeiture proceeding under Chapter V A, he shall seize the property and shall pass a seizure order. If due to any reason seizure is not practicable he shall pass a freezing order prohibiting transfer of the property.
Related Questions
- Can assistance from other departments may be taken in the task of identification/tracing/forfeiture of illegally acquired properties?
- What shall be done once the illegally acquired properties have been identified and traced?
- What steps shall be taken to identify and trace the illegally acquired property?
