Section 20: Property obtained by infringement of Act.
(1) Where a person
(a) makes any payment prohibited by this Act, or
(b) being bound under this Act to offer or cause to be offered any specified currency to an authorised dealer otherwise disposes of that currency,
the Minister may direct that person to sell or procure the sale of any property which he is entitled to sell or of which he is entitled to procure the sale, being property which represents, whether directly or indirectly, the payment of the specified currency, as the case may be, and may by the same or any other directions prescribe the manner in which and the persons to whom, and the terms on which the property is to be sold.
(2) The powers conferred on the Minister by this section shall in any particular case extend and apply to the giving of directions that the property shall be assigned to the Ministry of Finance Incorporated and where the property is assigned it may be dealt with under the provisions of the Ministry of Finance Incorporated Act.
Cite this section
Section 20, EXCHANGE CONTROL ACT (1962).
https://repo.podus.ai/laws/exchange-control-act/section/20/