# Fugitive Economic Offenders Act 2018 with Rules (Bare Act with Section Notes) - Book By Taxmann

**Fugitive Economic Offenders Act 2018 with Rules (Bare Act with Section Notes) - Book By Taxmann**

**Edition :** 2027

Fugitive Economic Offenders Act 2018 with Rules \[_Bare Act with Section Notes_\] by Taxmann is a single-volume working Edition of the Fugitive Economic Offenders Act 2018, with the five Rules made under it in 2018. The statutory text is freely available; what this book supplies is the apparatus around it—Section Notes in thirteen numbered heads; Case Laws with seven entries drawn from three High Court rulings; the forms prescribed by the Rules; editorial notes on two slips in the official text; and a Subject Index to the Act.

The book solves a practical problem. Anyone who files, defends or decides an application to declare a fugitive economic offender has to piece together five things:

-   The Fugitive Economic Offenders Act 2018 and its Schedule of offences under fifteen enactments
-   The five Rules of 24th August 2018 on applications, attachment, search and seizure, confiscated property and letters of request
-   The forms for the seizure memo, the registers of confiscated property and the letter of request
-   The High Court rulings on challenges to applications under the Act
-   The slips in the official text, and how they are to be read

This volume brings them together: it prints the notes and rulings below the sections they explain, the forms with their Rules, editorial notes on the slips in the text, and a Subject Index to the Act.

This book is intended for the following audience:

-   **_Enforcement Directorate Officers_** who prepare applications, attachment orders and searches, with the Rules on the eight materials an application must index, the service of attachment orders and the seizure memo form
-   **_Prosecutors and Special Counsel_** who argue declaration and confiscation applications before Special Courts, with the notes on section 12 in ten numbered heads
-   **_Defence Counsel_** who act for individuals named in an application, with the notice and hearing provisions of sections 10 and 11 and the Delhi and Bombay High Court rulings on challenges to such applications
-   **_Banks and Lenders_** who hold an interest in attached property, with the notice to persons with an interest, the exemption for interests acquired in good faith, and the burden of proving such interests under section 16(2)
-   **_Special Courts and Judicial Officers_** who hear declaration applications, with notes 12.1 to 12.10 on declaration, confiscation, letters of request, release and the ninety-day hold for an appeal
-   **_Company Secretaries and Compliance Officers_** who assess the effect of a declaration on a company or LLP, with section 14 on disallowing civil claims where a promoter, key managerial personnel or majority shareholder is declared
-   **_Government Officers and Administrators_** who receive and manage confiscated property, with the Rules and Forms I and II on its custody and records
-   **_Law Students and Researchers_** who study the law on economic offenders who leave India, with the Schedule's offences under fifteen enactments and Section Notes in numbered heads

The Present Publication is the 2027 Edition, covering the text of the Fugitive Economic Offenders Act 2018 \[_Act No. 17 of 2018_\], with the five Rules made under it, and with the law stated as updated till 15th September 2026. It has the following noteworthy features:

-   \[**Section Notes – The Core Editorial Feature**\] Section Notes are printed under three sections in thirteen numbered heads. Note 2.1 breaks down the definition of 'proceeds of crime'. Ten heads under section 12 take the declaration and confiscation provisions one sub-section at a time—the declaration by the Special Court, the properties that may be confiscated, identifying or valuing the proceeds of crime, letters of request to contracting States, the exemption for interests acquired in good faith, vesting, release and the ninety-day hold for an appeal. Two heads under section 19 list the authorities protected for action taken in good faith
-   \[**Case Laws**\] Case Laws under four sections carry seven entries drawn from three High Court rulings reported from 2019 to 2024: the Delhi High Court's refusal in 2024 to quash the proceedings against Sanjay Bhandari, and two Bombay High Court rulings in Mehul Choksi's case, of 2019 and 2023, on the listing of persons with an interest and the verification of the Directorate's application under Rule 3
-   \[**The Schedule of Offences**\] The Schedule lists the offences under fifteen enactments, from the Indian Penal Code and the Negotiable Instruments Act to the Insolvency and Bankruptcy Code and the CGST Act, that make up a 'Scheduled Offence' where the value involved is one hundred crore rupees or more
-   \[**Five Sets of Rules with Forms**\] The five Rules of 24th August 2018 cover the application to the Special Court and the eight materials it must index, the service of attachment orders on individuals and on companies, societies and trusts, the procedure for search and seizure with a seizure memo form and inventory, the receipt and management of confiscated property with Forms I and II, and letters of request to contracting States with their form. Their opening recitals name the six sets of earlier 2018 rules they superseded
-   \[**Editorial Notes on the Text**\] Two footnotes flag slips in the official text and say how to read them: 'or' for 'of' in section 5(2), and the Schedule's reference to section 2(1)(l) and (m)
-   \[**Research Tools**\] A three-page Contents list sets out the sections, rules and forms with page references, a two-page Subject Index covers the Act, and running heads carry section, rule and form references
-   \[**Authoritative Bare Act Presentation**\] Taxmann's Bare Act editorial format is followed throughout. Section headings are set in bold, and a boxed COMMENTS device under six sections keeps the Section Notes and Case Laws apart from the statutory text

The structure of the book is as follows:

-   **Contents**
-   **Fugitive Economic Offenders Act 2018, with Section Notes and Case Laws**

-   Chapters I to III, Sections 1 to 26
-   Schedule
-   Subject Index

-   **Declaration of Fugitive Economic Offenders (Forms and Manner of Filing Application) Rules 2018**

-   Rules 1 to 3

-   **Fugitive Economic Offenders (Manner of Attachment of Property) Rules 2018**

-   Rules 1 to 4

-   **Fugitive Economic Offenders (Procedure for Conducting Search and Seizure) Rules 2018**

-   Rules 1 to 6
-   Form of the seizure memo, with its Schedule

-   **Fugitive Economic Offenders (Manner and Conditions for Receipt and Management of Confiscated Properties) Rules 2018**

-   Rules 1 to 4
-   Forms I and II

-   **Fugitive Economic Offenders (Procedure for Sending Letter of Request to Contracting State) Rules 2018**

-   Rules 1 to 4
-   Form of the letter of request

## Details

- **Price:** 63.0 INR
- **Vendor:** Taxmann
- **Tags:** Bare Acts For Professionals, Commerce Books

## Variants

| Variant | Price | Available |
|---------|-------|-----------|
| Default Title | 63.00 INR | In stock |

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- Fugitive Economic Offenders Act 2018 with Rules (Bare Act with Section Notes) - Book By Taxmann

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> Updated: 2026-11-13