அதிகாரப்பூர்வ மொழிபெயர்ப்புDepartment of Government Printing-இலிருந்து, மாற்றமின்றி
Section 4C of the principal enactment is hereby repealed and the following section is substituted therefor: -
4c. (1) Where any legitimate business or other interests of any person affected by the Freezing Order could be damaged by the prohibition imposed thereby, such person may make an application to the High Court stating such facts in support thereof.
(2)
Every such application shall be made by petition in writing addressed to such High
Court and shall be heard and determined in accordance with the procedure laid down in section 127 of the Proceeds of Crime Act,
No. 5 of 2025.
“High Court to sanction essential and legitimate transactions.
7
Convention on the Suppression of
Terrorist Financing (Amendment)
Act, No. 18 of 2026
(3)
The High Court may, upon consideration of such application, if it is of the opinion that such Freezing Order could damage legitimate business or other interests of such person and that any essential transaction relating to the funds, property or other assets, income, profits or instrumentalities which are subject to prohibition by such Freezing Order may be legitimately carried out, confirm the Freezing
Order made under section 4 and make further order, sanctioning the carrying out of such transaction-
(a)
subject to the supervision of the High
Court; and
(b)
in the case where a Receiver or
Special Manager has been appointed or the Proceeds of Crime Management
Authority has been directed, to take possession of such funds, property or other assets, income, profits or instrumentalities under section 4D, subject to the supervision of such