Home Acts & Rules Indian Laws Old-Provisions Forward Contracts (Regulation) Act, 1952 Chapters List Chapter V Penalties and Procedures This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Section 21A - Power of court to order forfeiture of property. - Forward Contracts (Regulation) Act, 1952Extract 1 [Power of court to order forfeiture of property. 21A. Any court trying an offence punishable under section 20 or section 21 may, if it thinks fit and in addition to any sentence which it may impose for such offence, direct that any money, goods or other property in respect of which the offence has been committed, shall be forfeited to the Central Government. Explanation.-For the purposes of this section, property in respect of which an offence has been committed, shall include deposits in a bank where the said property is converted into such deposits.] ******** 1 Inserted by Act 62 of 1960, Sec.19 (w.e.f. 28.12.60).
|