Explanation - The Enemy Property Act, 1968, amended from time to time (latest in 2017), governs the vesting, preservation, management, control, sale, transfer of rights, disposal and other forms of usage of Enemy Property. As per the amended act, enemy property refers to any
property belonging to, held, or managed on behalf of an enemy, an enemy subject, or an enemy firm. The Act provided for the continuous vesting of enemy property (including the rights, title, interest and benefits arising out of such property) in the Custodian of Enemy Property for India (CEPI).
The Office of the CEPI is a statutory authority under the provisions of the Enemy Property Act,1968 (as amended in 2017) and a subordinate office under the Ministry of Home Affairs, Government of India. The Custodian is a quasi-judicial authority under the Act and a Civil Court under the Civil Procedure Court,1908. The central government (through the Custodian), is in possession of enemy properties spread across many states in the country. Under this Act, some movable properties are also classified as enemy properties.
Explanation - The Enemy Property Act, 1968, amended from time to time (latest in 2017), governs the vesting, preservation, management, control, sale, transfer of rights, disposal and other forms of usage of Enemy Property. As per the amended act, enemy property refers to any
property belonging to, held, or managed on behalf of an enemy, an enemy subject, or an enemy firm. The Act provided for the continuous vesting of enemy property (including the rights, title, interest and benefits arising out of such property) in the Custodian of Enemy Property for India (CEPI).
The Office of the CEPI is a statutory authority under the provisions of the Enemy Property Act,1968 (as amended in 2017) and a subordinate office under the Ministry of Home Affairs, Government of India. The Custodian is a quasi-judicial authority under the Act and a Civil Court under the Civil Procedure Court,1908. The central government (through the Custodian), is in possession of enemy properties spread across many states in the country. Under this Act, some movable properties are also classified as enemy properties.