Section 9: Vesting of property in Central Government.

The Prevention of Money-Laundering Act, 2002Central Act · Act 15 of 2003

Where an order of confiscation has been made under [sub-section (5) or sub-section (7) of section 8 or section 58B or sub-section (2A) of section 60] in respect of any property of a person, all the rights and title in such property shall vest absolutely in the Central Government free from all encumbrances:

Provided that where the [Special Court or the Adjudicating Authority, as the case may be,] after giving an opportunity of being heard to any other person interested in the property attached under this Chapter, or seized [or frozen] under Chapter V, is of the opinion that any encumbrance on the property or or lease-hold interest has been created with a view to defeat the provisions of this Chapter, it may, by order, declare such encumbrance or lease-hold interest to be void and thereupon the aforesaid property shall vest in the Central Government free from such encumbrances or lease-hold interest:

Provided further that nothing in this section shall operate to discharge any person from any liability in respect of such encumbrances which may be enforced against such person by a suit for damages.

Where this provision sits

Act	The Prevention of Money-Laundering Act, 2002
Section	9
Marginal note	Vesting of property in Central Government.
Jurisdiction	Central
Status	In force as published by the source
Judgments citing it	1

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

substituted, Act 2 of 2013. . Subs. by Act 2 of 2013, s. 7, for "sub-section (6) of section 8" (w.e.f. 15-2-2013).
substituted, Act 2 of 2013. . Subs. by Act 2 of 2013, s. 7, for "Adjudicating Authority" (w.e.f. 15-2-2013).
inserted. . Ins. by s.7, ibid. (w.e.f. 15-2-2013).

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