Cofeposa act 1974 pdf files

When it appears to the archivist to be in the public interest, he the archivist may 1 accept for deposit with the national archives of the united states the records of a. Cofeposa act the conservation of foreign exchange and prevention of smuggling activities act, 1974 act 52 of 1974 an act to provide for preventive detention in certain cases for the purposes of conservation and augmentation of foreign exchange and prevention of smuggling activities and for matters connected therewith. Delhi largest law books store huge collection of law books at. A, in business law from nujs, kolkata discusses antimoney laundering laws in india. The conservation of foreign exchange and prevention of smuggling activities act, 1974 cofeposa, which came into force on december 19, 1974, came at a time when india appeared a heavenly abode. Constitution of india, 1950 article 32 conservation of foreign exchange and prevention of smuggling activities act, 1974 section 31 detention order consideration of representation of detenu by detaining authority held, once detention order made by any of authorities competent to detain in terms of section 3 1 of cofeposa act. Laws the conservation of foreign exchange and prevention. The conservation of foreign exchange and prevention of smuggling activities act,1974. An act to enable the president to establish corporations sole to facilitate the more efficient carrying on of commercial or industrial enterprises by public departments. Conservation of foreign exchange and prevention of smuggling. Patma, from the committee of conference, submitted the following conference report to accompany s. Where the detention order has been made under section 3 of the cofeposa act and the pit ndps act by an officer specially empowered for that purpose either by the central government or the state government the person detained has a right to make a representation to the. The volume of economic offences is growing rapidly despite the various counter measures taken by governments the world over.

Public law 104106 and the amendments made by that act, and the provisions of this title, the director of the office of management and budget shall, not later than 18 months after the date of enactment of this act, develop procedures to permit private employers to store. Cofeposa is defined as conservation of foreign exchanges and prevention of smuggling activities act india somewhat frequently. Cofeposa act, 1974 central economic intelligence bureau. Ram lal narang vs union of india and ors citation 687795. The act also aims to control smuggling activities and other issues in relation to these activities. Section 3 of the cofeposa conferred power to make orders detaining certain person also with a view to preventing him from smuggling goods or abetting the smuggling activites act, 1974 for short called the president on december, 1974 and published in the. Hosted at national informatics centre nic application development and maintenance by cyfuture. Ceib department of revenue ministry of finance goi. It was last amended by the public law listed in the as amended through note above and below at the bottom of each page of the pdf version and reflects current law. Characteristics an economic offence is an act where crime related to property is committed without use of force as per sc economic offence are biggest threat to financial health of the country, the economy of the country is at stake the motive behind an economic offence is to acquire material advantage or to avoid a material loss by the. I i 93o congress house of representatives report d session no. An act of parliament to prescribe periods for the limitation for actions and arbitrations, and to make provision concerning the acquisition of easements by prescription, and for matters incidental thereto and matters connected therewith act no.

Acceptance of records for historical preservation a i. What links here related changes upload file special pages permanent link page information wikidata item cite this page. Short title this act may be cited as the corporations sole establishment act. Authoritysections 15, 17, and 19 of the shipping act of 1984, as amended by the ocean shipping reform act of 1998 and the coast guard authorization act of 1998 46 u. Public law 93638 indian selfdetermination and education assistance act, as amended regulations final rule department of the interior bureau of indian affairs department of health and human services indian health service 25 cfr part 900. It was an economic adjunct to the controversial maintenance of internal security act misa which was enacted in 1971. An act of parliament to promote the standardisation of the specification of commodities, and to provide for the standardisation of commodities and codes of practice. Gayatri agarwal vs union of india uoi and ors citation. It is further stated that the detaining authority is reasonably satisfied that the detenu have abetted activities amounting to smuggling in terms of section 239 of customs act, 1962 and section 2e of cofeposa act, 1974 which have rendered the goods involved liable to confiscation under the customs act, 1962. Yrevamping the laws governing economic offences yfreezing all assets of the economic offenders ytightening bail provisions. As the statute goes, the cofeposa act provides for detention in certain. Website content managed by central economic intelligence bureau. The act represents the governments ambitious endeavour to buttress the multitudinous peril of economic offenders who cheat and defraud the country and its constituents only to seek haven outside of india, in an attempt to evade prosecution.

Drugs and psychotropic substances act 1985 ndpsa, the smugglers and foreign exchange manipulators forfeiture of property act 1976 safem fop a, the foreign exchange management act 1999 fema and the conservation of foreign exchange and prevention of smuggling activities act, 1974 cofeposa, and matters. Pdf the violation of human rights has started from very beginning of our civilization. Section 31 under provisions of the act, a government officer, not below rank of joint secretary in case of central government and secretary in case of state government, who is specifically authorized by central or state government for that purpose, is authorized to order detention of a person including a foreigner with a view to prevent him from acting in any manner prejudicial to conservation or augmentation of foreign exchange, or to prevent him from. Conservation of foreign exchange and prevention of smuggling activities act, 1974 cofeposa, the prevention of money laundering act, 2002 pmla and.

Cofeposa petition for special leave to appeal challenges the opinion dated 22. Petitioner has moved an application seeking interim release of the detenu pointing out that similarly situated persons have already been released on the basis of the judgment of. The parliament of india has passed the fugitive economic offenders act, 2018 herein after referred to as the act in its monsoon session in 2018. Cofeposa act, 1974 law books buy online at best prices. Smugglers and foreign exchange racketeers are detained for a period of one year under the cofeposa act, 1974, with a view to prevent them from indulging in prejudicial activities in future. Pdf preventive detention and section 54 of the code of criminal.

If the documents or evidence is not supplied to detenu. Be it enacted by the senate and house of representatives of the united states of america in congress assembled, section 1. The original documents are located in box 3, folder 822. The presidential and federal records act amendments of 201 4, 44 u. Public law 1187 the presidential and federal records.

Cofeposa stands for conservation of foreign exchanges and prevention of smuggling activities act india. Cofeposa act there was sufficient material to sustain. Cofeposa act and the pit ndps act the question posed is thus answered. Conservation of foreign exchange and prevention of. In the enforcement of a law relating to preventive detention like the conservation of foreign exchange and prevention of smuggling activities act, 1974 there is apt to be some delay, between the prejudicial activities complained of under section 31 of the act and the making of an order of detention. Hence, the central government enacted the conservation of foreign exchange and prevention of smuggling activities act cofeposa in 1974 for the reason to provide preventive detention and to protect and augment the guidelines of foreign exchange. On receipt of proposals from the dri, enforcement directorate or the customs houses, the screening committee under member custom considers and makes recommendations for detention. Cofeposa or the conservation of foreign exchange and prevention of smuggling activities act is an act of parliament passed in 1974. An act to provide for preventive detention in certain cases for the purposes of conservation and augmentation of foreign exchange and prevention of smuggling activities and for matters connected therewith. An act to provide for the reform and continuation of agricultural and other programs of the department of agriculture through fiscal year 2018, and for other purposes. This publication is a compilation of the text of public law 93344.

Employees provident funds and miscellaneous provisions act, 1952. The conservation of foreign exchange and prevention of smuggling activities act, 1974. Publications act 42 of 1974 legal assistance centre. Serving pf detention order under cofeposa act 1974 in respect of shri. Cofeposa act the conservation of foreign exchange and prevention of smuggling activities act, 1974 act 52 of 1974 an act to provide for preventive detention in certain cases for the purposes of conservation and augmentation of foreign exchange and prevention of. How is conservation of foreign exchanges and prevention of smuggling activities act india abbreviated. The term money laundering is generally attributed to the collective of procedures involved in legitimising assets amassed by. Cofeposa or the conservation of foreign exchange and prevention of smuggling activities act is an act of parliament passed in 1974 during administration of indira gandhi, trying to retain foreign currency and prevent smuggling. The supreme court upheld the validity of cofeposa, 1974 in. Activities act, 1974 hereinafter referred to as the act whereby the appellant was. Therefore, economic offences need urgent, tougher and more stringent measures such as.

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