(1) NO order forfeiting any proceeds of terrorism shall be made Issueof show under sectioa 8 unless the pekson holding' or in possession of such cause notice - before forfeiture .
proceeds is given a notice'in writing informing him of the grounds on of ~rwxe4is of which it is proposed to forfeit the p r o k d s of terrorism and such terrorism.
person is given an opporturiity of making a representation in writing within such reasonable time as may be specified in the notice against the grounds of forfeiture and is also given a .reasonable opportunity of .
being heard in the matter.
(2) No order of forfeiture shall be made under sub-section (I), if - such person establishes that 'he'is a bona fide transferee., of such proceeds for value without knowing that they represent proceeds of terrorism.
.I, t\ (3) It shall be competent for the Designated Authority to make an order in respect of property seized. or attached,- 12 THE GAZETTE OF INDIA EXTRAORDINARY [PART 11-