Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act : Provisions of the Act not

Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act,1976

Act No : 13

Section : Provisions of the Act not to apply to certain properties held intrust.

25.Provisions of the Act not to apply to certain properties held in trust. Nothing contained in this Act shall apply in relation to any property held by a trust or an institution created or established wholly for public religious or charitable purposes if- (i) such property has been so held by such trust or institution from a date prior to the commencement of this Act; or (ii) such property is wholly traceable to any property held by such trust or institution prior to the commencement of this Act.