Home › The Naval and Aircraft Prize Act, 1971
Section 13: Capture to belong to Central Government
- (1) Subject to the provisions of sub-section (2), all prizes captured by the Armed Forces of the Union and condemned where necessary in the Prize Court shall be the exclusive property of the Central Government.
- (2) The Central Government may, at its discretion, out of the proceeds of the prize, make a grant of such sum of money as it deems fit to the benevolent funds of the Armed Forces of the Union.
Source: official text of The Naval and Aircraft Prize Act, 1971 as published on India Code (PDF). All sections of the Naval and Aircraft Prize Act, 1971.