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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.

   

 

 
 

 

Benami Transactions (Prohibition) Amendment Act, 2016

Section 21 Power to call for information

Section 22 Power of authority to impound documents

Section 23 Power of authority to conduct inquiry, etc

CHAPTER IV ATTACHMENT, ADJUDICATION AND CONFISCATION

Section 24 Notice and attachment of property involved in benami transaction

Section 25 Manner of service of notice

Section 26 Adjudication of benami property

Section 27 Confiscation and vesting of benami property

Section 28 Management of properties confiscated

Section 29 Possession of the property

CHAPTER V APPELLATE TRIBUNAL

Section 30 Establishment of Appellate Tribunal

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