law: Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976
  7. Forfeiture of property in certain cases-
  (1) The competent authority may, after
  
  considering the explanation, if any, to the show cause notice issued under section
  
  6, and the materials available before it and after giving to the person
  
  affected(and in a case where the person affected holds any property specified
  
  in the notice through any other person, to such other person also) a reasonable
  
  opportunity of being heard, by order, record a finding whether all or any of
  
  the properties in question are illegally acquired properties.
  (2) Where the competent authority is satisfied
  
  that some of the properties referred to in the show cause notice are illegally
  
  acquired properties but is not able to identity specifically such properties,
  
  then it shall be lawful for the competent authority to specify the properties
  
  which, to the best of its judgment, are illegally acquired properties and
  
  record a finding accordingly under sub-section(1).
  (3) Where the competent authority records a
  
  finding under this section to the effect that any property is illegally
  
  acquired property, it shall declare that such property shall, subject to the
  
  provisions of this Act, stand forfeited to the Central Government free from all
  
  encumbrances.
  (4) Where any shares in a company stand
  
  forfeited to the Central Government under this Act then, the company shall,
  
  notwithstanding anything contained in the Companies Act, 1956 (1 of 1956), or
  
  the articles of association of the company , forthwith register the Central
  
  Government as the transferee of such shares.