Central
Section 1 of The Economic Offences (Inapplicability of Limitation) Act, 1974
- (1)This Act may be called the Economic Offences (Inapplicability of Limitation) Act, 1974.
- (2)It extends to the territories to which the Code of Criminal Procedure, 1973 (2 of 1974) applies.
- (3)It shall come into force on the 1st day of April, 1974.
Summary
- The Act's official name is the Economic Offences (Inapplicability of Limitation) Act, 1974.
- This Act applies to all territories where the Code of Criminal Procedure, 1973 is in force.
- The Act officially started operating on April 1, 1974.
Practical examples
1On May 15, 2025, a business owner named Aarav Sharma in Mumbai (a territory where the Code of Criminal Procedure, 1973 applies) is informed that a legal case is being filed against his firm under this Act, which is officially titled the Economic Offences (Inapplicability of Limitation) Act, 1974.
2A financial investigator in Chennai is reviewing an old transaction from October 2021. He confirms that the Economic Offences (Inapplicability of Limitation) Act, 1974 has been active and in force in his region since its commencement date of April 1, 1974.
FAQ
1. What is the official name of this law?
The official name is the Economic Offences (Inapplicability of Limitation) Act, 1974.
2. When did this law first start to apply?
It came into force on April 1, 1974.
3. Where does this law apply in India?
It extends to all territories where the Code of Criminal Procedure, 1973 applies.
4. What is the official number associated with the Code of Criminal Procedure in this section?
It is referred to as Code of Criminal Procedure, 1973 (2 of 1974).
Test yourself
Q1.What is the official name of this Act?
Q2.On which exact date did this Act come into force?
Q3.To which territories does this Act extend?
Q4.What is the parenthetical reference number of the Code of Criminal Procedure, 1973 mentioned in Section 1?
Q5.In which year was the Economic Offences (Inapplicability of Limitation) Act enacted based on its short title?