Management of properties seized or forfeited under this Chapter
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Summary
Where property is seized or forfeited, the Court can appoint the District Magistrate or a nominee to act as Administrator. The Administrator must receive and manage the property according to conditions set by the Central Government. The Administrator must also follow Central Government directions to dispose of any property forfeited to the Central Government.
Example
Priya runs a small grocery. After some goods from her shop were forfeited under this Chapter, the Court appointed the District Magistrate as Administrator. The Administrator took custody of the stock, managed it under conditions set by the Central Government, and sold the forfeited items following Central Government directions.
Bare Act
Enacted text(1) The Court may appoint the District Magistrate of the area where the property is situated, or any other officer that may be nominated by the District Magistrate, to perform the functions of an Administrator of such property.
(2) The Administrator appointed under sub-section (1) shall receive and manage the property in relation to which the order has been made under sub-section (1) of section 117 or under section 120 in such manner and subject to such conditions as may be specified by the Central Government.
(3) The Administrator shall also take such measures, as the Central Government may direct, to dispose of the property which is forfeited to the Central Government.
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