Finance:Fugitive Economic Offenders Act, 2018
From HandWiki
| The Fugitive Economic Offenders Act, 2018 | |
|---|---|
| Parliament of India | |
Long title
| |
| Citation | Act No. 17 of 2018 |
| Territorial extent | India |
| Enacted by | Lok Sabha |
| Passed | 19 July 2018 |
| Enacted by | Rajya Sabha |
| Passed | 25 July 2018 |
| Assented to | 31 July 2018 |
| Legislative history | |
| Bill (proposed law) introduced in the Lok Sabha | The Fugitive Economic Offenders Bill, 2018 |
| Bill citation | Bill No. 79 of 2018 |
| Bill published on | 12 March 2018 |
| Introduced by | Arun Jaitley |
| Status: In force | |
The Fugitive Economic Offenders Act, 2018 empowers any special court (set up under the Prevention of Money Laundering Act, 2002) to confiscate all properties and assets of economic offenders who are charged in offences measuring over INR 100 crores and are evading prosecution by remaining outside the jurisdiction of Indian courts.[1] The bill for the act was introduced in the Lok Sabha on 12 March 2018 and passed on 25 July 2018.[2] The Act also provides for provisional attachment of all properties of the offender and confiscation of the same on declaration as fugitive economic offender by the Special Court.
The bill has been subject to mixed reception among legal commentators.[3][4]
See also
- List of acts of the Parliament of India
- Fugitive Economic Offender
References
- ↑ "PRS | Bill Track | The Fugitive Economic Offenders Bill, 2018" (in en). http://www.prsindia.org/billtrack/the-fugitive-economic-offenders-bill-2018-5166/.
- ↑ Nair, Remya (25 July 2018). "Bill to help government bring back fugitive economic offenders gets Parliament's nod". Mint. https://www.livemint.com/Companies/8aCSuw8KM0grxRcaHJeKoN/Parliament-passes-Fugitive-Economic-Offenders-Bill-2018.html.
- ↑ Sekhri, Abhinav (August 2017). "Running Argument : The flaws in the draft Fugitive Economic Offenders Bill" (in en). https://caravanmagazine.in/perspectives/flaws-drafting-fugitive-economic-bill.
- ↑ Tankha, Vivek (2018-07-28). "Fugitive Economic Offenders Bill: Are we nation of more laws and no action?". Business Standard. https://www.business-standard.com/article/economy-policy/fugitive-economic-offenders-bill-are-we-nation-of-more-laws-and-no-action-118072800747_1.html.
External links
 |  |
