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The Fugitive Economic Offenders Bill, 2017 allows for a person to be declared as a fugitive economic offender (FEO) if: (i) an arrest warrant has been issued against him for any specified offences where the value involved is over Rs 100 crore, and (ii) he has left the country and refuses to return to face prosecution.To declare a person an FEO, an application will be filed in a Special Court (designated under the Prevention of Money-Laundering Act, 2002) containing details of the properties to be confiscated, and any information about the person’s whereabouts. The Special Court will require the person to appear at a specified place at least six weeks from issue of notice. Proceedings will be terminated if the person appears. The Bill allows authorities to provisionally attach properties of an accused, while the application is pending before the Special Court. Upon declaration as an FEO, properties of a person may be confiscated and vested in the central government, free of encumbrances (rights and claims in the property). The Bill does not specify how the central government will use the sale proceeds. That is, would the government be obliged to share the sale proceeds with persons who may have a claim against the FEO.Further, the FEO or any company associated with him may be barred from filing or defending civil claims. Under Clause 14, any court or tribunal may bar a FEO from filing or defending any civil claim before it. Further, the Bill allows courts to bar a company from filing or defending any civil claim before it if the promoter, key managerial personnel (such as manager or CEO), or majority shareholder is an FEO. It may be argued that such a bar could violate Article 21 of the Constitution. Article 21 states that no person (or company) can be deprived of their right to life or personal liberty, except by law. Courts have interpreted this to include the right to access justice, which cannot be taken away. This right includes the availability of a forum which aggrieved persons may approach to seek legal remedy. The question is whether a bar on filing and defending claims would violate this right. For instance, an individual who is declared an FEO may be involved in a marriage suit or inheritance dispute. Under Clause 14, courts are allowed to bar the individual from exercising his right to file or defend such a claim. Further, there may be cases where an FEO is the majority shareholder of a company. In such cases, even though the company is a separate legal entity, it may be barred from filing or defending cases.Q. A company may be barred from filing a suit against a supplier of goods or from defending a case where tax dues are imposed on it. There may also be instances where creditors obtain court orders for repayment of loans against the company, without the company having an opportunity to present its defence. In all such cases, the interests of the remaining shareholders will not be protected owing to such a bar on companies. A company can be barred from all of the above in which of the following cases?a)Where an FEO is the chairman and managing director of the company.b)The company is a separate legal entity and the majority shareholder of the company is an FEO.c)Both (A) and (B)d)The company cannot be barred from this as it will violate Article 21 and 14 of the Constitution of India.Correct answer is option 'C'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about The Fugitive Economic Offenders Bill, 2017 allows for a person to be declared as a fugitive economic offender (FEO) if: (i) an arrest warrant has been issued against him for any specified offences where the value involved is over Rs 100 crore, and (ii) he has left the country and refuses to return to face prosecution.To declare a person an FEO, an application will be filed in a Special Court (designated under the Prevention of Money-Laundering Act, 2002) containing details of the properties to be confiscated, and any information about the person’s whereabouts. The Special Court will require the person to appear at a specified place at least six weeks from issue of notice. Proceedings will be terminated if the person appears. The Bill allows authorities to provisionally attach properties of an accused, while the application is pending before the Special Court. Upon declaration as an FEO, properties of a person may be confiscated and vested in the central government, free of encumbrances (rights and claims in the property). The Bill does not specify how the central government will use the sale proceeds. That is, would the government be obliged to share the sale proceeds with persons who may have a claim against the FEO.Further, the FEO or any company associated with him may be barred from filing or defending civil claims. Under Clause 14, any court or tribunal may bar a FEO from filing or defending any civil claim before it. Further, the Bill allows courts to bar a company from filing or defending any civil claim before it if the promoter, key managerial personnel (such as manager or CEO), or majority shareholder is an FEO. It may be argued that such a bar could violate Article 21 of the Constitution. Article 21 states that no person (or company) can be deprived of their right to life or personal liberty, except by law. Courts have interpreted this to include the right to access justice, which cannot be taken away. This right includes the availability of a forum which aggrieved persons may approach to seek legal remedy. The question is whether a bar on filing and defending claims would violate this right. For instance, an individual who is declared an FEO may be involved in a marriage suit or inheritance dispute. Under Clause 14, courts are allowed to bar the individual from exercising his right to file or defend such a claim. Further, there may be cases where an FEO is the majority shareholder of a company. In such cases, even though the company is a separate legal entity, it may be barred from filing or defending cases.Q. A company may be barred from filing a suit against a supplier of goods or from defending a case where tax dues are imposed on it. There may also be instances where creditors obtain court orders for repayment of loans against the company, without the company having an opportunity to present its defence. In all such cases, the interests of the remaining shareholders will not be protected owing to such a bar on companies. A company can be barred from all of the above in which of the following cases?a)Where an FEO is the chairman and managing director of the company.b)The company is a separate legal entity and the majority shareholder of the company is an FEO.c)Both (A) and (B)d)The company cannot be barred from this as it will violate Article 21 and 14 of the Constitution of India.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Fugitive Economic Offenders Bill, 2017 allows for a person to be declared as a fugitive economic offender (FEO) if: (i) an arrest warrant has been issued against him for any specified offences where the value involved is over Rs 100 crore, and (ii) he has left the country and refuses to return to face prosecution.To declare a person an FEO, an application will be filed in a Special Court (designated under the Prevention of Money-Laundering Act, 2002) containing details of the properties to be confiscated, and any information about the person’s whereabouts. The Special Court will require the person to appear at a specified place at least six weeks from issue of notice. Proceedings will be terminated if the person appears. The Bill allows authorities to provisionally attach properties of an accused, while the application is pending before the Special Court. Upon declaration as an FEO, properties of a person may be confiscated and vested in the central government, free of encumbrances (rights and claims in the property). The Bill does not specify how the central government will use the sale proceeds. That is, would the government be obliged to share the sale proceeds with persons who may have a claim against the FEO.Further, the FEO or any company associated with him may be barred from filing or defending civil claims. Under Clause 14, any court or tribunal may bar a FEO from filing or defending any civil claim before it. Further, the Bill allows courts to bar a company from filing or defending any civil claim before it if the promoter, key managerial personnel (such as manager or CEO), or majority shareholder is an FEO. It may be argued that such a bar could violate Article 21 of the Constitution. Article 21 states that no person (or company) can be deprived of their right to life or personal liberty, except by law. Courts have interpreted this to include the right to access justice, which cannot be taken away. This right includes the availability of a forum which aggrieved persons may approach to seek legal remedy. The question is whether a bar on filing and defending claims would violate this right. For instance, an individual who is declared an FEO may be involved in a marriage suit or inheritance dispute. Under Clause 14, courts are allowed to bar the individual from exercising his right to file or defend such a claim. Further, there may be cases where an FEO is the majority shareholder of a company. In such cases, even though the company is a separate legal entity, it may be barred from filing or defending cases.Q. A company may be barred from filing a suit against a supplier of goods or from defending a case where tax dues are imposed on it. There may also be instances where creditors obtain court orders for repayment of loans against the company, without the company having an opportunity to present its defence. In all such cases, the interests of the remaining shareholders will not be protected owing to such a bar on companies. A company can be barred from all of the above in which of the following cases?a)Where an FEO is the chairman and managing director of the company.b)The company is a separate legal entity and the majority shareholder of the company is an FEO.c)Both (A) and (B)d)The company cannot be barred from this as it will violate Article 21 and 14 of the Constitution of India.Correct answer is option 'C'. Can you explain this answer?.

Solutions for The Fugitive Economic Offenders Bill, 2017 allows for a person to be declared as a fugitive economic offender (FEO) if: (i) an arrest warrant has been issued against him for any specified offences where the value involved is over Rs 100 crore, and (ii) he has left the country and refuses to return to face prosecution.To declare a person an FEO, an application will be filed in a Special Court (designated under the Prevention of Money-Laundering Act, 2002) containing details of the properties to be confiscated, and any information about the person’s whereabouts. The Special Court will require the person to appear at a specified place at least six weeks from issue of notice. Proceedings will be terminated if the person appears. The Bill allows authorities to provisionally attach properties of an accused, while the application is pending before the Special Court. Upon declaration as an FEO, properties of a person may be confiscated and vested in the central government, free of encumbrances (rights and claims in the property). The Bill does not specify how the central government will use the sale proceeds. That is, would the government be obliged to share the sale proceeds with persons who may have a claim against the FEO.Further, the FEO or any company associated with him may be barred from filing or defending civil claims. Under Clause 14, any court or tribunal may bar a FEO from filing or defending any civil claim before it. Further, the Bill allows courts to bar a company from filing or defending any civil claim before it if the promoter, key managerial personnel (such as manager or CEO), or majority shareholder is an FEO. It may be argued that such a bar could violate Article 21 of the Constitution. Article 21 states that no person (or company) can be deprived of their right to life or personal liberty, except by law. Courts have interpreted this to include the right to access justice, which cannot be taken away. This right includes the availability of a forum which aggrieved persons may approach to seek legal remedy. The question is whether a bar on filing and defending claims would violate this right. For instance, an individual who is declared an FEO may be involved in a marriage suit or inheritance dispute. Under Clause 14, courts are allowed to bar the individual from exercising his right to file or defend such a claim. Further, there may be cases where an FEO is the majority shareholder of a company. In such cases, even though the company is a separate legal entity, it may be barred from filing or defending cases.Q. A company may be barred from filing a suit against a supplier of goods or from defending a case where tax dues are imposed on it. There may also be instances where creditors obtain court orders for repayment of loans against the company, without the company having an opportunity to present its defence. In all such cases, the interests of the remaining shareholders will not be protected owing to such a bar on companies. A company can be barred from all of the above in which of the following cases?a)Where an FEO is the chairman and managing director of the company.b)The company is a separate legal entity and the majority shareholder of the company is an FEO.c)Both (A) and (B)d)The company cannot be barred from this as it will violate Article 21 and 14 of the Constitution of India.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of The Fugitive Economic Offenders Bill, 2017 allows for a person to be declared as a fugitive economic offender (FEO) if: (i) an arrest warrant has been issued against him for any specified offences where the value involved is over Rs 100 crore, and (ii) he has left the country and refuses to return to face prosecution.To declare a person an FEO, an application will be filed in a Special Court (designated under the Prevention of Money-Laundering Act, 2002) containing details of the properties to be confiscated, and any information about the person’s whereabouts. The Special Court will require the person to appear at a specified place at least six weeks from issue of notice. Proceedings will be terminated if the person appears. The Bill allows authorities to provisionally attach properties of an accused, while the application is pending before the Special Court. Upon declaration as an FEO, properties of a person may be confiscated and vested in the central government, free of encumbrances (rights and claims in the property). The Bill does not specify how the central government will use the sale proceeds. That is, would the government be obliged to share the sale proceeds with persons who may have a claim against the FEO.Further, the FEO or any company associated with him may be barred from filing or defending civil claims. Under Clause 14, any court or tribunal may bar a FEO from filing or defending any civil claim before it. Further, the Bill allows courts to bar a company from filing or defending any civil claim before it if the promoter, key managerial personnel (such as manager or CEO), or majority shareholder is an FEO. It may be argued that such a bar could violate Article 21 of the Constitution. Article 21 states that no person (or company) can be deprived of their right to life or personal liberty, except by law. Courts have interpreted this to include the right to access justice, which cannot be taken away. This right includes the availability of a forum which aggrieved persons may approach to seek legal remedy. The question is whether a bar on filing and defending claims would violate this right. For instance, an individual who is declared an FEO may be involved in a marriage suit or inheritance dispute. Under Clause 14, courts are allowed to bar the individual from exercising his right to file or defend such a claim. Further, there may be cases where an FEO is the majority shareholder of a company. In such cases, even though the company is a separate legal entity, it may be barred from filing or defending cases.Q. A company may be barred from filing a suit against a supplier of goods or from defending a case where tax dues are imposed on it. There may also be instances where creditors obtain court orders for repayment of loans against the company, without the company having an opportunity to present its defence. In all such cases, the interests of the remaining shareholders will not be protected owing to such a bar on companies. A company can be barred from all of the above in which of the following cases?a)Where an FEO is the chairman and managing director of the company.b)The company is a separate legal entity and the majority shareholder of the company is an FEO.c)Both (A) and (B)d)The company cannot be barred from this as it will violate Article 21 and 14 of the Constitution of India.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of The Fugitive Economic Offenders Bill, 2017 allows for a person to be declared as a fugitive economic offender (FEO) if: (i) an arrest warrant has been issued against him for any specified offences where the value involved is over Rs 100 crore, and (ii) he has left the country and refuses to return to face prosecution.To declare a person an FEO, an application will be filed in a Special Court (designated under the Prevention of Money-Laundering Act, 2002) containing details of the properties to be confiscated, and any information about the person’s whereabouts. The Special Court will require the person to appear at a specified place at least six weeks from issue of notice. Proceedings will be terminated if the person appears. The Bill allows authorities to provisionally attach properties of an accused, while the application is pending before the Special Court. Upon declaration as an FEO, properties of a person may be confiscated and vested in the central government, free of encumbrances (rights and claims in the property). The Bill does not specify how the central government will use the sale proceeds. That is, would the government be obliged to share the sale proceeds with persons who may have a claim against the FEO.Further, the FEO or any company associated with him may be barred from filing or defending civil claims. Under Clause 14, any court or tribunal may bar a FEO from filing or defending any civil claim before it. Further, the Bill allows courts to bar a company from filing or defending any civil claim before it if the promoter, key managerial personnel (such as manager or CEO), or majority shareholder is an FEO. It may be argued that such a bar could violate Article 21 of the Constitution. Article 21 states that no person (or company) can be deprived of their right to life or personal liberty, except by law. Courts have interpreted this to include the right to access justice, which cannot be taken away. This right includes the availability of a forum which aggrieved persons may approach to seek legal remedy. The question is whether a bar on filing and defending claims would violate this right. For instance, an individual who is declared an FEO may be involved in a marriage suit or inheritance dispute. Under Clause 14, courts are allowed to bar the individual from exercising his right to file or defend such a claim. Further, there may be cases where an FEO is the majority shareholder of a company. In such cases, even though the company is a separate legal entity, it may be barred from filing or defending cases.Q. A company may be barred from filing a suit against a supplier of goods or from defending a case where tax dues are imposed on it. There may also be instances where creditors obtain court orders for repayment of loans against the company, without the company having an opportunity to present its defence. In all such cases, the interests of the remaining shareholders will not be protected owing to such a bar on companies. A company can be barred from all of the above in which of the following cases?a)Where an FEO is the chairman and managing director of the company.b)The company is a separate legal entity and the majority shareholder of the company is an FEO.c)Both (A) and (B)d)The company cannot be barred from this as it will violate Article 21 and 14 of the Constitution of India.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for The Fugitive Economic Offenders Bill, 2017 allows for a person to be declared as a fugitive economic offender (FEO) if: (i) an arrest warrant has been issued against him for any specified offences where the value involved is over Rs 100 crore, and (ii) he has left the country and refuses to return to face prosecution.To declare a person an FEO, an application will be filed in a Special Court (designated under the Prevention of Money-Laundering Act, 2002) containing details of the properties to be confiscated, and any information about the person’s whereabouts. The Special Court will require the person to appear at a specified place at least six weeks from issue of notice. Proceedings will be terminated if the person appears. The Bill allows authorities to provisionally attach properties of an accused, while the application is pending before the Special Court. Upon declaration as an FEO, properties of a person may be confiscated and vested in the central government, free of encumbrances (rights and claims in the property). The Bill does not specify how the central government will use the sale proceeds. That is, would the government be obliged to share the sale proceeds with persons who may have a claim against the FEO.Further, the FEO or any company associated with him may be barred from filing or defending civil claims. Under Clause 14, any court or tribunal may bar a FEO from filing or defending any civil claim before it. Further, the Bill allows courts to bar a company from filing or defending any civil claim before it if the promoter, key managerial personnel (such as manager or CEO), or majority shareholder is an FEO. It may be argued that such a bar could violate Article 21 of the Constitution. Article 21 states that no person (or company) can be deprived of their right to life or personal liberty, except by law. Courts have interpreted this to include the right to access justice, which cannot be taken away. This right includes the availability of a forum which aggrieved persons may approach to seek legal remedy. The question is whether a bar on filing and defending claims would violate this right. For instance, an individual who is declared an FEO may be involved in a marriage suit or inheritance dispute. Under Clause 14, courts are allowed to bar the individual from exercising his right to file or defend such a claim. Further, there may be cases where an FEO is the majority shareholder of a company. In such cases, even though the company is a separate legal entity, it may be barred from filing or defending cases.Q. A company may be barred from filing a suit against a supplier of goods or from defending a case where tax dues are imposed on it. There may also be instances where creditors obtain court orders for repayment of loans against the company, without the company having an opportunity to present its defence. In all such cases, the interests of the remaining shareholders will not be protected owing to such a bar on companies. A company can be barred from all of the above in which of the following cases?a)Where an FEO is the chairman and managing director of the company.b)The company is a separate legal entity and the majority shareholder of the company is an FEO.c)Both (A) and (B)d)The company cannot be barred from this as it will violate Article 21 and 14 of the Constitution of India.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of The Fugitive Economic Offenders Bill, 2017 allows for a person to be declared as a fugitive economic offender (FEO) if: (i) an arrest warrant has been issued against him for any specified offences where the value involved is over Rs 100 crore, and (ii) he has left the country and refuses to return to face prosecution.To declare a person an FEO, an application will be filed in a Special Court (designated under the Prevention of Money-Laundering Act, 2002) containing details of the properties to be confiscated, and any information about the person’s whereabouts. The Special Court will require the person to appear at a specified place at least six weeks from issue of notice. Proceedings will be terminated if the person appears. The Bill allows authorities to provisionally attach properties of an accused, while the application is pending before the Special Court. Upon declaration as an FEO, properties of a person may be confiscated and vested in the central government, free of encumbrances (rights and claims in the property). The Bill does not specify how the central government will use the sale proceeds. That is, would the government be obliged to share the sale proceeds with persons who may have a claim against the FEO.Further, the FEO or any company associated with him may be barred from filing or defending civil claims. Under Clause 14, any court or tribunal may bar a FEO from filing or defending any civil claim before it. Further, the Bill allows courts to bar a company from filing or defending any civil claim before it if the promoter, key managerial personnel (such as manager or CEO), or majority shareholder is an FEO. It may be argued that such a bar could violate Article 21 of the Constitution. Article 21 states that no person (or company) can be deprived of their right to life or personal liberty, except by law. Courts have interpreted this to include the right to access justice, which cannot be taken away. This right includes the availability of a forum which aggrieved persons may approach to seek legal remedy. The question is whether a bar on filing and defending claims would violate this right. For instance, an individual who is declared an FEO may be involved in a marriage suit or inheritance dispute. Under Clause 14, courts are allowed to bar the individual from exercising his right to file or defend such a claim. Further, there may be cases where an FEO is the majority shareholder of a company. In such cases, even though the company is a separate legal entity, it may be barred from filing or defending cases.Q. A company may be barred from filing a suit against a supplier of goods or from defending a case where tax dues are imposed on it. There may also be instances where creditors obtain court orders for repayment of loans against the company, without the company having an opportunity to present its defence. In all such cases, the interests of the remaining shareholders will not be protected owing to such a bar on companies. A company can be barred from all of the above in which of the following cases?a)Where an FEO is the chairman and managing director of the company.b)The company is a separate legal entity and the majority shareholder of the company is an FEO.c)Both (A) and (B)d)The company cannot be barred from this as it will violate Article 21 and 14 of the Constitution of India.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The Fugitive Economic Offenders Bill, 2017 allows for a person to be declared as a fugitive economic offender (FEO) if: (i) an arrest warrant has been issued against him for any specified offences where the value involved is over Rs 100 crore, and (ii) he has left the country and refuses to return to face prosecution.To declare a person an FEO, an application will be filed in a Special Court (designated under the Prevention of Money-Laundering Act, 2002) containing details of the properties to be confiscated, and any information about the person’s whereabouts. The Special Court will require the person to appear at a specified place at least six weeks from issue of notice. Proceedings will be terminated if the person appears. The Bill allows authorities to provisionally attach properties of an accused, while the application is pending before the Special Court. Upon declaration as an FEO, properties of a person may be confiscated and vested in the central government, free of encumbrances (rights and claims in the property). The Bill does not specify how the central government will use the sale proceeds. That is, would the government be obliged to share the sale proceeds with persons who may have a claim against the FEO.Further, the FEO or any company associated with him may be barred from filing or defending civil claims. Under Clause 14, any court or tribunal may bar a FEO from filing or defending any civil claim before it. Further, the Bill allows courts to bar a company from filing or defending any civil claim before it if the promoter, key managerial personnel (such as manager or CEO), or majority shareholder is an FEO. It may be argued that such a bar could violate Article 21 of the Constitution. Article 21 states that no person (or company) can be deprived of their right to life or personal liberty, except by law. Courts have interpreted this to include the right to access justice, which cannot be taken away. This right includes the availability of a forum which aggrieved persons may approach to seek legal remedy. The question is whether a bar on filing and defending claims would violate this right. For instance, an individual who is declared an FEO may be involved in a marriage suit or inheritance dispute. Under Clause 14, courts are allowed to bar the individual from exercising his right to file or defend such a claim. Further, there may be cases where an FEO is the majority shareholder of a company. In such cases, even though the company is a separate legal entity, it may be barred from filing or defending cases.Q. A company may be barred from filing a suit against a supplier of goods or from defending a case where tax dues are imposed on it. There may also be instances where creditors obtain court orders for repayment of loans against the company, without the company having an opportunity to present its defence. In all such cases, the interests of the remaining shareholders will not be protected owing to such a bar on companies. A company can be barred from all of the above in which of the following cases?a)Where an FEO is the chairman and managing director of the company.b)The company is a separate legal entity and the majority shareholder of the company is an FEO.c)Both (A) and (B)d)The company cannot be barred from this as it will violate Article 21 and 14 of the Constitution of India.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CLAT tests.