S. Jaykishan

Chartered Accountants

Govt. notifies norms for Fugitive Economic Offenders

Govt. notifies norms for Fugitive Economic Offenders

(Date: 30/08/2018)

The Government has notified the Declaration of Fugitive Economic Offender (Form and Manner of Filing Application) Rules, 2018. The Rules are effective from 24.08.2018. The Rules prescribes Form and manner of filing application for declaring an individual as Fugitive Economic Offender. The Rules also prescribes procedure relating to search, procedure relating to seizure, retention of property or records, manner of forwarding an inventory. It also prescribes manner of issuance of attachment order by a Director or any authorized officer to the fugitive economic offender.The rules supersedes the Fugitive Economic Offenders (Application for Declaration of Fugitive Economic Offender) Rules, 2018.