Section 28 Management of properties confiscated - The Benami Transactions (Prohibition) Amendment Act 2016

What is law for Management of properties confiscated? Section 28 of The BTP (Prohibition) Amendment Act 2016

Section 28 : Management of properties confiscated

(1) The Administrator shall have the power to receive and manage the property, in relation to which an order of confiscation under sub-section (1) of section 27 has been made, in such manner and subject to such conditions, as may be prescribed.

(2) The Central Government may, by order published in the Official Gazette, notify as many of its officers as it thinks fit, to perform the functions of Administrators.


 

(3) The Administrator shall also take such measures, as the Central Government may direct, to dispose of the property which is vested in the Central Government under sub-section (3) of section 27, in such manner and subject to such conditions as may be prescribed.

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