Payment to Custodian of money otherwise payable to an enemy, enemy subject or enemy firm
Section 7 of the Enemy Property Act, 1968 deals with payment to Custodian of money otherwise payable to an enemy, enemy subject or enemy firm. Any sum payable by way of dividend, interest, share profits or otherwise to or for the benefit of an enemy or an enemy subject or an enemy firm shall, unless otherwise ordered by the Central Government, be paid by the person by whom such sum would have been payable but for the prohibition under the The Act came into force on 10 Jul 1968.
(1) Any sum payable by way of dividend, interest, share profits or otherwise to or for the benefit of an enemy or an enemy subject or an enemy firm shall, unless otherwise ordered by the Central Government, be paid by the person by whom such sum would have been payable but for the prohibition under the Defence of India Rules, 1962 1[or the Defence of India Rules, 1971, as the case may be], to the Custodian or such person as may be authorised by him in this behalf and shall be held by the Custodian or such person subject to the provisions of this Act.
(2) In cases in which money would, but for the prohibition under the Defence of India Rules, 1962 1[or the Defence of India Rules, 1971, as the case may be], be payable in a foreign currency to or for the benefit of an enemy or an enemy subject or an enemy firm (other than cases in which money is payable under a contract in which provision is made for specified rate of exchange), the payment shall be made to the Custodian in rupee currency at the middle official rate of exchange fixed by the Reserve Bank of India on the date on which the payment became due to that enemy, enemy subject or enemy firm.
(3) The Custodian shall, subject to the provisions of section 8, deal with any money paid to him under the Defence of India Rules, 1962 1[or the Defence of India Rules, 1971, as the case may be] or under this Act and any property vested in him under this Act in such manner as the Central Government may direct.
Section 7, The Enemy Property Act, 1968 (Act 34 of 1968).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Referred to by 1
Questions about Section 7
What does Section 7 of the Enemy Property Act deal with?
Section 7 of the Enemy Property Act is headed "Payment to Custodian of money otherwise payable to an enemy, enemy subject or enemy firm". Any sum payable by way of dividend, interest, share profits or otherwise to or for the benefit of an enemy or an enemy subject or an enemy firm shall, unless otherwise ordered by the Central Government, be paid by the person by whom such sum would have been payable but for the prohibition under the
How do I find court cases under Section 7 of the Enemy Property Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Enemy Property Act 1968 7, section 7 Enemy Property Act 1968, section 7 of the Enemy Property Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 7 of the Enemy Property Act, and has it changed?
Its own text turns on section 8 (Powers of Custodian In respect of enemy property vested in him), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When did Section 7 of the Enemy Property Act come into force?
Section 7 of the Enemy Property Act, cited as Enemy Property Act 1968 7, came into force on 10 Jul 1968, having been enacted on 20 Aug 1968. It is in force as at the date shown on this page.
Other sections of this Act
- 2. Definitions591 words
- 8A. Sale of Property by Custodian430 words
- 8. Powers of Custodian In respect of enemy property vested in him387 words
- 22A. Validation366 words
- 17. Levy of fees325 words
- 11. Power of Custodian to summon persons and call for documents264 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 20 Oct 2026. This page is not a substitute for legal advice.