New Delhi: Lok Sabha on Wednesday passed a bill to amend the Enemy Property Act, 1968.
The bill, which amends a 48-year-old law to guard against claims of transfer of properties left by people who migrated to Pakistan and China after the wars, was passed by voice vote amid Opposition's demand for sending it to the Standing Committee of Parliament.
The amendments include that once an enemy property is vested in the Custodian, it shall continue to be vested in him as enemy property irrespective of whether the enemy, enemy subject or enemy firm has ceased to be an enemy due to reasons such as death etc.
The new bill also ensures that the law of succession does not apply to enemy property; that there cannot be transfer of any property vested in the Custodian by an enemy or enemy subject or enemy firm and that the Custodian shall preserve the enemy property till it is disposed of in accordance with the provisions of the Act.
The Enemy Property Act was enacted in the year 1968 by the Government of India. The act authorised the Central Government to appoint a custodian for enemy property for India and one or more deputy/assistant custodians as assistance. This includes all immovable property, all lockers and safe deposits and all negotiable instruments such as promissory notes, shares, debentures and other Commerce.