Section 118. Management of properties seized or forfeited under this Chapter
(1)
The Court may appoint
the District Magistrate of the area where the property is situated, or any other officer that may be nominated
by the District Magistrate, to perform the functions of an Administrator of such property.
the District Magistrate of the area where the property is situated, or any other officer that may be nominated
by the District Magistrate, to perform the functions of an Administrator of such property.
(2)
The Administrator appointed under sub-section (1) shall receive and manage the property in relation
to which the order has been made under sub-section (1) of section 117 or under section 120 in such manner
and subject to such conditions as may be specified by the Central Government.
to which the order has been made under sub-section (1) of section 117 or under section 120 in such manner
and subject to such conditions as may be specified by the Central Government.
(3)
The Administrator shall also take such measures, as the Central Government may direct, to dispose
of the property which is forfeited to the Central Government.
of the property which is forfeited to the Central Government.