President promulgated Enemy Property (Amendment and Validation) Ordinance, 2016

President has promulgated Enemy Property (Amendment and Validation) Ordinance, 2016 to make amendments to the Enemy Property Act, 1968.

Aim: To ensure that the enemy properties that have been vested in the Custodian remain so and they do not revert back to the enemy subject or enemy firm.

Amendments

• Once an enemy property is entrusted in the Custodian, it shall continue to be entrusted in him as enemy property.
• Law of succession does not apply to enemy property.
• No transfer of any property vested in the Custodian by an enemy and that the Custodian shall preserve the enemy property till it is disposed of.

Earlier Facts: The Enemy Property Act was enacted in the year 1968 by the Government of India.

• In Indo-Pak war 1965 and 1971, there was migration of people from India to Pakistan. So, the GOI took over the properties and companies of such persons who had taken Pakistani nationality.