Enemy Property in India
20.07.2024
Enemy Property in India
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For Prelims: About Enemy Property |
Why in the news?
The Indian government has begun to auction properties classified as ‘enemy properties’.
About Enemy Property:
- Enemy property are those immovable and moveable assets which were left behind by people who took citizenship of Pakistan and China after leaving India during the partition and post the 1962 and 1965 wars.
- Besides real estate, enemy property may also include bank accounts, shares, gold, and other assets of such individuals.
- The enemy properties are vested with the Custodian of Enemy Property for India (CEPI), an authority created under the Enemy Property Act, 1968.
- The 2017 amendment to the Act (Enemy Property (Amendment and Validation) Act, 2017) stated that the successor of those who migrated to Pakistan and China ceased to have a claim over the properties left behind in India.
○The amendment ensured that the law of succession does not apply to enemy property, that there cannot be a 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.
- As per CEPI, there are 13,252 enemy properties in India, valued at over Rs1 lakh crore.
- Most of these properties belong to people who migrated to Pakistan, and over 100 to those who migrated to China.
- Uttar Pradesh (5,982) has the highest number of enemy properties, followed by West Bengal (4,354).
Source: The Hindu
Ques :- With reference to Enemy Property in India, consider the following statements:
1. Besides real estate, enemy property may also include bank accounts, shares, gold, and other assets of such individuals.
2. Most of these properties belong to people who migrated to China.
3. Maharashtra has the highest number of enemy properties, followed by Uttar Pradesh.
How many of the statements given above are correct?
A.Only one
B.Only two
C.All three
D.None
Answer A