Section 10 of the PMLA: Managing Confiscated Assets
Under the Prevention of Money Laundering Act, 2002 (PMLA), properties linked to crime can be seized and confiscated. Section 10 explains what happens next — how these assets are managed after confiscation.
The Central Government appoints senior officers (not below Joint Secretary) as Administrators to:
Their work follows the 2005 Rules on Receipt and Management of Confiscated Properties.
In short, Section 10 ensures that confiscated wealth is properly handled, preventing misuse and supporting India’s efforts against money laundering in line with global standards.