Applies to offences involving ₹100 crore or more.

Requires a special court to declare a person as an FEO.

Allows authorities to confiscate properties and assets of the FEO, including those held in benami names.

Confiscated assets can be used to repay creditors or compensate victims.

The FEO can challenge the declaration in the High Court.

The Act aims to prevent economic offenders from using Indian courts to delay or obstruct legal proceedings.

The Central Government can appoint an 'Administrator' to manage and dispose of the confiscated property.

Special Court under the Prevention of Money Laundering Act, 2002 (PMLA) designated as the court under this Act.

The Act empowers authorities to search, seize, and attach properties.

It provides for provisional attachment of property during the investigation phase.

Applies to offences involving ₹100 crore or more.

Requires a special court to declare a person as an FEO.

Allows authorities to confiscate properties and assets of the FEO, including those held in benami names.

Confiscated assets can be used to repay creditors or compensate victims.

The FEO can challenge the declaration in the High Court.

The Act aims to prevent economic offenders from using Indian courts to delay or obstruct legal proceedings.

The Central Government can appoint an 'Administrator' to manage and dispose of the confiscated property.

Special Court under the Prevention of Money Laundering Act, 2002 (PMLA) designated as the court under this Act.

The Act empowers authorities to search, seize, and attach properties.

It provides for provisional attachment of property during the investigation phase.