Explanation.__ For the purpose of this section, the expression "Court" means the High Court of
the Province where the assets or any part thereof are located.
41. Prohibition of alienation of freezed property._(1) Where any order under section 37 or
section 40 is made for freezing of any asset, any alienation or transfer of such asset by any manner or
mode shall, till the conclusion of the proceedings under this Act, or until such order is vacated be
void, and if such asset is subsequently forfeited to the Federal Government, any such alienation or
transfer of assets shall be deemed to be of no effect whatsoever.
(2) Any person who knowingly alienates or transfers any assets in respect whereof an order
has been made under section 37 or section 40 shall be guilty of an offence punishable, on conviction,
with imprisonment for a term which may extend to three years, or with fine, or with both.
42. Punishment for acquiring property in relation to which proceedings have been taken
under this Act.__ Any person who knowingly acquires any assets which have been frozen under this
Act shall be punishable with imprisonment for a term which may extend to three years and with fine.
43. Power to take possession.__(1) Where any asset is ordered to be forfeited to the Federal
Government under section 39, the Special Court may direct the person holding or possessing such
asset to surrender or deliver its possession to the Administrator appointed under section 44 or any
other person authorised by the Special Court in this behalf, within such time as may be directed by it.
(2) If any person refuses or fails to comply with a direction issued under sub‑section (1), the
Special Court may require the Superintendent of Police of the district where such assets are located to
provide police assistance to the Administrator for securing possession thereof, and it shall be the duty
of the Superintendent of Police to comply with such requisition.
44. Management of assets frozen or forfeited under the Act.__ (1) The Federal Government
may, by a notification in the official Gazette, appoint any officer of the Federal Government or a
Provincial Government as it may think fit to perform the functions of an Administrator of the assets
frozen or forfeited under this order.
(2) The Administrator appointed under sub‑section (1) shall take such actions and exercise such
powers as the Federal Government may direct for the maintenance and disposal of the assets which
are frozen or forfeited to the Federal Government.
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