Section 11T: Deposit of money or other property in a fund

11T. Deposit of 2[money or other property] in a fund.__ (1) Any 2[money or other property] to which a forfeiture order under sections 11R and 11S applies, alongwith 2[any addition, return,] profit and loss accrued, shall be deposited into a special fund to be notified by the Federal Government__ (a) after the expiry of the limitation period within which an appeal against the forfeiture order may be brought under section 11S (2), or (b) where an appeal brought under section 11S has been determined and disposed of. (2) Any fund constituted by the Federal Government under sub-section (1) may also be used to compensate victims of acts of terrorism or in the case of deceased victims, their dependents. 2[(3) The Federal Government may, by rules made under this Act, prescribe the manner of administration of the fund and management or disposal of the money or property forfeited under this Act.]

Effective date: 1997-08-16

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