Title and Definition

  1. This Law shall be called the Law for Taking Action Against Owning and Marketing of Properties Obtained by Unlawful Means.
  2. The following expressions contained in this Law shall have the meanings given hereunder:-

(a)“Property Obtained by Unlawful Means” property obtained by income of economic enterprise not permitted under the law or income derived in contravention of law or income concealed by evading payment of taxes under the law;

(b) “Property” means movable property or immovable property;

(c) “Immovable Property” means land, benefits arising out of land, trees and crops on such land, buildings and things built or imbedded in the earth and things installed in such building;

(d) “Movable Property” means all other property including cattle and animals with the exception of property mentioned in sub-section(c) of section 2;

(e) “Body” means the body assigned duty or formed by the Council