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

Under section 37A, an Authorised Officer seizes equivalent assets of Meera Shah in India 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 petition.

  1. ASeven days from the date of seizure
  2. BFifteen days from the date of seizure
  3. CThirty days from the date of seizureCorrect
  4. DOne hundred eighty days from the date of seizure

Explanation

The Act requires the Authorised Officer to place the seizure order with relevant material before the Competent Authority within thirty days of seizure. The 180 days is the period within which the Competent Authority must dispose of the petition, so it is the wrong choice here.

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