{"product_id":"fugitive-economic-offenders-act-2018-with-rules-bare-act-with-section-notes-book-by-taxmann","title":"Fugitive Economic Offenders Act 2018 with Rules (Bare Act with Section Notes) - Book By Taxmann","description":"\u003cp\u003e\u003cstrong\u003eFugitive Economic Offenders Act 2018 with Rules (Bare Act with Section Notes) - Book By Taxmann\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eEdition : \u003c\/strong\u003e2027\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eFugitive Economic Offenders Act 2018 with Rules [\u003cem\u003eBare Act with Section Notes\u003c\/em\u003e] 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.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eThe 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:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\u003cspan\u003eThe Fugitive Economic Offenders Act 2018 and its Schedule of offences under fifteen enactments\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003eThe five Rules of 24th August 2018 on applications, attachment, search and seizure, confiscated property and letters of request\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003eThe forms for the seizure memo, the registers of confiscated property and the letter of request\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003eThe High Court rulings on challenges to applications under the Act\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003eThe slips in the official text, and how they are to be read\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cspan\u003eThis 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.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eThis book is intended for the following audience:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eEnforcement Directorate Officers\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e 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\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eProsecutors and Special Counsel\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e who argue declaration and confiscation applications before Special Courts, with the notes on section 12 in ten numbered heads\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eDefence Counsel\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e 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\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eBanks and Lenders\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e 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)\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eSpecial Courts and Judicial Officers\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e 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\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eCompany Secretaries and Compliance Officers\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e 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\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eGovernment Officers and Administrators\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e who receive and manage confiscated property, with the Rules and Forms I and II on its custody and records\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003cem\u003e\u003cspan\u003eLaw Students and Researchers\u003c\/span\u003e\u003c\/em\u003e\u003c\/strong\u003e\u003cspan\u003e who study the law on economic offenders who leave India, with the Schedule's offences under fifteen enactments and Section Notes in numbered heads\u003c\/span\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cspan\u003eThe Present Publication is the 2027 Edition, covering the text of the Fugitive Economic Offenders Act 2018 [\u003cem\u003eAct No. 17 of 2018\u003c\/em\u003e], with the five Rules made under it, and with the law stated as updated till 15th September 2026. It has the following noteworthy features:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\u003cspan\u003e[\u003cstrong\u003eSection Notes – The Core Editorial Feature\u003c\/strong\u003e] 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\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003e[\u003cstrong\u003eCase Laws\u003c\/strong\u003e] 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\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003e[\u003cstrong\u003eThe Schedule of Offences\u003c\/strong\u003e] 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\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003e[\u003cstrong\u003eFive Sets of Rules with Forms\u003c\/strong\u003e] 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\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003e[\u003cstrong\u003eEditorial Notes on the Text\u003c\/strong\u003e] 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)\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003e[\u003cstrong\u003eResearch Tools\u003c\/strong\u003e] 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\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003e[\u003cstrong\u003eAuthoritative Bare Act Presentation\u003c\/strong\u003e] 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\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cspan\u003eThe structure of the book is as follows:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cspan\u003eContents\u003c\/span\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cspan\u003eFugitive Economic Offenders Act 2018, with Section Notes and Case Laws\u003c\/span\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\u003cspan\u003eChapters I to III, Sections 1 to 26\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003eSchedule\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003eSubject Index\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cspan\u003eDeclaration of Fugitive Economic Offenders (Forms and Manner of Filing Application) Rules 2018\u003c\/span\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\u003cspan\u003eRules 1 to 3\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cspan\u003eFugitive Economic Offenders (Manner of Attachment of Property) Rules 2018\u003c\/span\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\u003cspan\u003eRules 1 to 4\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cspan\u003eFugitive Economic Offenders (Procedure for Conducting Search and Seizure) Rules 2018\u003c\/span\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\u003cspan\u003eRules 1 to 6\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003eForm of the seizure memo, with its Schedule\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cspan\u003eFugitive Economic Offenders (Manner and Conditions for Receipt and Management of Confiscated Properties) Rules 2018\u003c\/span\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\u003cspan\u003eRules 1 to 4\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003eForms I and II\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\u003cstrong\u003e\u003cspan\u003eFugitive Economic Offenders (Procedure for Sending Letter of Request to Contracting State) Rules 2018\u003c\/span\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli\u003e\u003cspan\u003eRules 1 to 4\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan\u003eForm of the letter of request\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/ul\u003e","brand":"Taxmann","offers":[{"title":"Default Title","offer_id":63514319355985,"sku":"9789375617334","price":63.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0574\/5534\/5745\/files\/FugitiveEconomic-2027.png?v=1794548323","url":"https:\/\/buytestseries.in\/products\/fugitive-economic-offenders-act-2018-with-rules-bare-act-with-section-notes-book-by-taxmann","provider":"BuyTestSeries.in","version":"1.0","type":"link"}