Lok Sabha passes Enemy Property (Amendment and Validation) Bill, 2016
Lok Sabha has passed Enemy Property (Amendment and Validation) Bill, 2016 by voice vote to make amendments to the Enemy Property Act, 1968.
The bill replaces the Enemy Property (Amendment and Validation) Ordinance, 2016 promulgated by President Pranab Mukherjee in January 2016.
Proposed Amendments are
- Once an enemy property is vested to the Custodian it shall continue to be vested in him.
- It shall not revert back to enemy subject or enemy firm due to reasons such as death of subject or firm ceased to function. The law of succession does not apply to enemy property.
- Henceforth there cannot be transfer of any property vested in the custodian by an enemy till it is disposed of in accordance with the provisions of the Act.
- Expands the definition of the enemy to include (i) legal heirs of enemies even if they are Indian citizens or of another country which is not an enemy (ii) Nationals of an enemy country who have changed their nationality to another country, etc.
Enemy Property Act, 1968
The act provided for the continuous vesting of enemy property in the custodian. The possession of enemy properties spread across many states in the country vest with the Union Government through the Custodian of Enemy Property for India.
Categories: Bills & Acts