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Amendment of Act 13 of 1976

Clause 223 - PART IV - AMENDMENT TO THE SMUGGLERS AND FOREIGN EXCHANGE MANIPULATORS (FORFEITURE OF PROPERTY) ACT, 1976 - Bill - Clause 223 - PART IV AMENDMENT TO THE SMUGGLERS AND FOREIGN EXCHANGEMANIPULATORS (FORFEITURE OF PROPERTY) ACT, 1976 223. In the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 with effect from the 1st day of June, 2016,- (a) section 2A shall be omitted; (b) in section 3, in sub-section (1), in clause (a), the words for Forfeited Property s .....

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on 68L of the Narcotic Drugs and Psychotropic Substances Act, 1985 (61 of 1985); (c) by the Adjudicating Authority or any other authority under the Prevention of Moneylaundering Act, 2002 (15 of 2003). ; (ii) in sub-section (2), the words or is qualified to be shall be omitted; (iii) in sub-section (6A), for the words Bench of two members , the words Bench with one or two members shall be substituted; (iv) after sub-section (6A), the following sub-sections shall be inserted, namely:- (6B) In the .....

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