Section 54, Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 [S1Q-2FX]

As at 6 September 2026. In force from 12 January 1977 by S.O. 1700(E) [N11-YJ5].

In Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 [A10-R4G]. This text from 12 January 1977. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 54, Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 [S1Q-2FX]. Machine: S1Q-2FX.

54. Prohibition of the development of a Special Economic Zone without licence.—No person shall undertake the development of a Special Economic Zone except under and in accordance with the conditions of a licence granted under section 55: Provided that nothing in this section shall apply to the development of a Special Economic Zone undertaken by or on behalf of the Central Government or a State Government.

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