Smugglers and Foreign Exchange Manipulators, (Forfeiture of Property) Ordinance, 1975Ordinance · 1975
(1) As from the commencement of this Ordinance, it shall not be lawful for any person to whom this Ord;nance applies to hold any illegally acquired property either by himself or through any other person on his behalf.
Prohibition of holding illegally acquired property.(2) Where any person holds any illegally acquired property in contravention of the provisions of sub-section (1), such property shall be liable to be forfeited to the Central Government in accordance with the provisions of this Ordinance.
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