அதிகாரப்பூர்வ மொழிபெயர்ப்புDepartment of Government Printing-இலிருந்து, மாற்றமின்றி
Section 11 of the principal enactment is hereby repealed and the following section is substituted therefor: -
“High Court to sanction essential and legitimate transactions.
11. (1) Upon confirming a Freezing Order by the High Court under section 8, a police officer not below the rank of an Assistant
Superintendent of Police may apply to the High
Court for an order for the appointment of a
Receiver or Special Manager or for a direction on the Proceeds of Crime Management
Authority, as the case may be, in terms of
Part IV of the Proceed of Crime Act, No. 5 of 2025 for the purpose of protecting, preserving, managing or disposing of the property which is subject to the Freezing Order.
(2)
The High Court may, on an application made under subsection (1), or on its own motion, appoint a Receiver or Special Manager or direct the Proceeds of Crime Management
Authority, as the case may be, in terms of the provisions contained in Part IV of the
Proceeds of Crime Act, No. 5 of 2025 for the purpose of protecting, preserving, managing or disposing of the property which is subject to the Freezing Order.”.