Enemy Property Act, 1968
| Enemy Property Act, 1968 | |
|---|---|
 | |
| Parliament of India | |
| |
| Citation | Act No. 34 of 1968 |
| Territorial extent | whole of India |
| Passed by | Lok Sabha |
| Passed | 31 July 1968[1][2][3] |
| Passed by | Rajya Sabha |
| Passed | August 1968 |
| Assented to by | President Zakir Husain |
| Assented to | 20 August 1968 |
| Effective | 10 July 1968 |
| Legislative history | |
| Initiating chamber: Lok Sabha | |
| Bill title | Enemy Property Bill, 1968 |
| Introduced by | Minister of Commerce Dinesh Singh[4] |
| Introduced | 26 July 1968 |
| Passed | 31 July 1968 |
| Revising chamber: Rajya Sabha | |
| Passed | August 1968 |
| Repeals | |
| Enemy Property Ordinance, 1968 (7 of 1968) | |
| Amended by | |
| |
| Status: In force | |
The Enemy Property Act, 1968 is an Act of the Parliament of India which enables and regulates the appropriation of property in India owned by Pakistani nationals. The act was passed following the Indo-Pakistani War of 1965.[5] Ownership is passed to the Custodian of Enemy Property for India, a government department.[5] There are also movable properties categorized as enemy properties.[5]
Amendments
[edit]Enemy Property (Amendment and Validation) Act, 2017
[edit]Minister of State for Home Affairs Kiren Rijiju during the Modi Government introduced the Enemy Property (Amendment and Validation) Bill, 2016.[6] The measure seeks to replace an ordinance promulgated to this effect on 7 January 2016.[6]
The 2016 bill seeks to do the following:
- The Bill amends the Enemy Property Act, 1968, to vest all rights, titles and interests over enemy property in the Custodian of the Enemy Property for India.
- The Bill declares transfer of enemy property by the enemy, conducted under the Act, to be void. This applies retrospectively to transfers that have occurred before or after 1968.
- The Bill prohibits civil courts and other authorities from entertaining disputes related to enemy property.[7]
The Bill was passed by the Rajya Sabha on 10 March 2017.[8] The Bill, with amendments made in the Rajya Sabha, was passed by the Lok Sabha on 14 March 2017.[9]
Notable transactions
[edit]In 2019, the Government of India sold 44.3 million "enemy shares" of Wipro worth around ₹1,150 crore (US$165 million), under the Enemy Property Act. The transaction included shares representing a 0.62% equity stake originally owned by Azim Premji's elder brother, Faroukh Premji, who was a board member of Wipro between 1963 and 1965, before migrating to Pakistan in 1965.[10][11]
See also
[edit]- Custodian for Enemy Property for India, for the government takeover of property of rulers who migrated to Pakistan
- Transfer of Property Act 1882
- Political integration of India
- Central Wakf Council
- Evacuee Trust Property Board
- Privy Purse in India
References
[edit]- ↑ "Lok Sabha Debates". eparlib.sansad.in. Retrieved 22 February 2026.
- ↑ "Lok Sabha Debates of 31-Jul-1968".
- ↑ "THE ENEMY PROPERTY BILL, 1968". rsdebate.nic.in. Retrieved 22 February 2026.
- ↑ "Lok Sabha Debates of 26-Jul-1968" (PDF).
- 1 2 3 "Lok Sabha passes bill to amend Enemy Property Act", The Economic Times, 9 March 2016
- 1 2 "Bill to amend Enemy Property Act introduced in Parliament", The Economic Times, 8 March 2016
- ↑ "No court appeal, no succession law: How Bill keeps enemy property with Custodian". The Indian Express. 11 March 2016. Retrieved 14 June 2016.
- ↑ "Enemy Property Bill passed amid Opposition walkout". The Hindu. 10 March 2017. Retrieved 14 March 2017.
- ↑ "Parliament passes Enemy Property bill". The Indian Express. 14 March 2017. Retrieved 14 March 2017.
- ↑ Sood, Varun (18 August 2022). "The untold story of a slice of Wipro shares". mint. Retrieved 10 June 2026.
- ↑ "Government sells Rs 1,150 crore worth enemy shares in Wipro". The Economic Times. 5 April 2019. Retrieved 10 June 2026.
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