Home Acts & Rules Money Laundering Rules Prevention of Money-Laundering (Taking Possession of Attached or Frozen Properties Confirmed By The Adjudicating Authority) Rules, 2013 This
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Rule 7 - Confirmed attached property in the custody of Court - Prevention of Money-Laundering (Taking Possession of Attached or Frozen Properties Confirmed By The Adjudicating Authority) Rules, 2013Extract Confirmed attached property in the custody of Court 7. (1) Where the confirmed attached property is in the custody of any Court, the authorized officer shall make an application to such Court by providing a copy of the provisional attachment order issued under sub-section (1) of section 5 and the order under sub-section (3) of section 8 passed by the Adjudication Authority. (2) The application referred to in sub-rule (1) shall contain a relief that such property and any interest or dividend payable thereon may be released in favour of the Directorate of Enforcement.
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