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CS Executive · Setting Up of Business, Industrial and Labour Laws · Setting up of Business outside India and Issues Relating thereto

An Authorised Officer seizes assets in Pune under section 37A(1) on 1 March. Within what period must the order of seizure and relevant material be placed before the Competent Authority?

The Authorised Officer must place the seizure order and relevant material before the Competent Authority within thirty days from the date of seizure. The one hundred eighty day period is a different limit, applying to the Competent Authority's disposal of the matter.

  1. AWithin thirty days from the date of seizureCorrect
  2. BWithin one hundred eighty days from the date of seizure
  3. CWithin sixty days from the date of seizure
  4. DWithin ninety days from the date of seizure

Explanation

Section 37A(2) requires the Authorised Officer to place the seizure order with relevant material before the Competent Authority within thirty days of the seizure. The 180 days in sub-section (3) is the period for the Competent Authority to dispose of the petition, so it is the wrong figure here.

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