Management of properties seized or forfeited under this Chapter
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Summary
When property is seized or forfeited under this Chapter, the court can appoint the District Magistrate or a nominee as Administrator to receive and manage it. The Administrator must manage the property according to conditions specified by the Central Government. The Administrator must also carry out disposal measures as directed by the Central Government for property forfeited to the Central Government.
Example
Priya’s shop stock is ordered forfeited after an offence. The court appoints the local District Magistrate as Administrator, who receives and manages the stock under conditions set by the Central Government. If the stock is forfeited to the Central Government, the Administrator will follow the Central Government’s directions to dispose of it.
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 (I) of section 105E or under section 105H 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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