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{{Infobox legislation | {{Infobox legislation | ||
|short_title = | |short_title = Fugitive Economic Offenders Act, 2018 | ||
|legislature = [[Parliament of India]] | |legislature = [[Parliament of India]] | ||
|imagesize = 100 | |imagesize = 100 | ||
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|status = in force | |status = in force | ||
}} | }} | ||
''' | The '''Fugitive Economic Offenders Act, 2018''' is an Indian law that empowers any special court (set up under the [[Prevention of Money Laundering Act, 2002]]) to confiscate all properties and assets of economic offenders who are charged in offences involving sums exceeding INR 100 crores and are evading prosecution by remaining outside the jurisdiction of Indian courts.<ref>{{cite web|title=PRS {{!}} Bill Track {{!}} The Fugitive Economic Offenders Bill, 2018|url=http://www.prsindia.org/billtrack/the-fugitive-economic-offenders-bill-2018-5166/|website=prsindia|access-date=1 May 2018|language=en|archive-date=1 May 2018|archive-url=https://web.archive.org/web/20180501161530/http://www.prsindia.org/billtrack/the-fugitive-economic-offenders-bill-2018-5166/|url-status=dead}}</ref> The bill for the act was introduced in the [[Lok Sabha]] on 12 March 2018 and passed on 25 July 2018.<ref>{{cite news |last1=Nair |first1=Remya |title=Bill to help government bring back fugitive economic offenders gets Parliament's nod |url=https://www.livemint.com/Companies/8aCSuw8KM0grxRcaHJeKoN/Parliament-passes-Fugitive-Economic-Offenders-Bill-2018.html |access-date=30 July 2018 |work=Mint |date=25 July 2018}}</ref> The Act also provides for provisional attachment of all properties of the offender and confiscation of the same on declaration as fugitive economic offender by the Special Court. | ||
The bill has been subject to mixed reception among legal commentators.<ref>{{Cite web|url=https://caravanmagazine.in/perspectives/flaws-drafting-fugitive-economic-bill|title=Running Argument : The flaws in the draft Fugitive Economic Offenders Bill|last=Sekhri|first=Abhinav|date=August 2017|website=[[The Caravan]]|language=en|url-access=subscription | The bill has been subject to mixed reception among legal commentators.<ref>{{Cite web|url=https://caravanmagazine.in/perspectives/flaws-drafting-fugitive-economic-bill|title=Running Argument : The flaws in the draft Fugitive Economic Offenders Bill|last=Sekhri|first=Abhinav|date=August 2017|website=[[The Caravan]]|language=en|url-access=subscription|access-date=2020-01-21}}</ref><ref>{{Cite news|url=https://www.business-standard.com/article/economy-policy/fugitive-economic-offenders-bill-are-we-nation-of-more-laws-and-no-action-118072800747_1.html|title=Fugitive Economic Offenders Bill: Are we nation of more laws and no action?|last=Tankha|first=Vivek|date=2018-07-28|work=Business Standard|access-date=2020-01-21}}</ref> | ||
==See also== | ==See also== | ||
* [[List of | *[[List of acts of the Parliament of India]] | ||
* [[Fugitive Economic Offender]] | * [[Fugitive Economic Offender]] | ||
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{{Reflist}} | {{Reflist}} | ||
==External links== | |||
* [http://164.100.47.4/BillsTexts/LSBillTexts/PassedBothHouses/Fugitive-%2017%20of%202018.pdf The Fugitive Economic Offenders Bill, 2018] | |||
** [http://164.100.47.4/BillsTexts/LSBillTexts/asintroduced/79_2018_LS_Eng.pdf As Introduce] | |||
** [http://164.100.47.4/BillsTexts/LSBillTexts/PassedLoksabha/79-C_2018_LS_Eng.pdf As Passed by Loksabha] | |||
** [http://164.100.47.4/BillsTexts/LSBillTexts/PassedBothHouses/Fugitive-%2017%20of%202018.pdf As Passed by both Houses] | |||
** [http://164.100.47.4/BillsTexts/LSBillTexts/Hindi/asintroduced/79_2018_LS_Hin.pdf पुर: स्थापित रूप में] | |||
** [http://164.100.47.4/BillsTexts/LSBillTexts/Hindi/PassedLoksabha/79-C_2018_LS_Hin.pdf लोक सभा द्वारा पारित] | |||
[[Category:2018 in Indian economy]] | [[Category:2018 in Indian economy]] | ||
Latest revision as of 01:27, 27 March 2026
| Fugitive Economic Offenders Act, 2018 | |
|---|---|
 | |
| Parliament of India | |
| |
| Citation | Act No. 17 of 2018 |
| Territorial extent | India |
| Enacted by | Lok Sabha |
| Passed | 19 July 2018 |
| Enacted by | Rajya Sabha |
| Passed | 25 July 2018 |
| Assented to | 31 July 2018 |
| Legislative history | |
| Bill introduced in the Lok Sabha | The Fugitive Economic Offenders Bill, 2018 |
| Bill citation | Bill No. 79 of 2018 |
| Bill published on | 12 March 2018 |
| Introduced by | Arun Jaitley |
| Status: In force | |
The Fugitive Economic Offenders Act, 2018 is an Indian law that empowers any special court (set up under the Prevention of Money Laundering Act, 2002) to confiscate all properties and assets of economic offenders who are charged in offences involving sums exceeding INR 100 crores and are evading prosecution by remaining outside the jurisdiction of Indian courts.[1] The bill for the act was introduced in the Lok Sabha on 12 March 2018 and passed on 25 July 2018.[2] The Act also provides for provisional attachment of all properties of the offender and confiscation of the same on declaration as fugitive economic offender by the Special Court.
The bill has been subject to mixed reception among legal commentators.[3][4]
See also[edit | edit source]
References[edit | edit source]
- ↑ "PRS | Bill Track | The Fugitive Economic Offenders Bill, 2018". prsindia. Archived from the original on 1 May 2018. Retrieved 1 May 2018.
- ↑ Nair, Remya (25 July 2018). "Bill to help government bring back fugitive economic offenders gets Parliament's nod". Mint. Retrieved 30 July 2018.
- ↑ Sekhri, Abhinav (August 2017). "Running Argument : The flaws in the draft Fugitive Economic Offenders Bill". The Caravan. Retrieved 21 January 2020.
- ↑ Tankha, Vivek (28 July 2018). "Fugitive Economic Offenders Bill: Are we nation of more laws and no action?". Business Standard. Retrieved 21 January 2020.
External links[edit | edit source]
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