President promulgated Enemy Property (Amendment and Validation) Ordinance, 2016

pranab_mukherjee-621x414An ordinance to amend the 47-year-old Enemy Property Act has been approved by President Pranab Mukherjee to allow custodians to continue to hold sway over such properties.  The ordinance amends the provisions of the Act declaring that all “enemy property” vested in the ‘custodian’ would continue to vest in the custodian irrespective of the death or extinction of the enemy.

The custodian of enemy property in the country is an Indian government department that is empowered to appropriate property in India owned by Pakistani nationals. After the Indo-Pakistani War of 1965, the Enemy Property Act was promulgated in 1968.

Read More At Business Standard

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