Under the notification issued on 10 September and 11 September 1965, the central government vested the following property in India belonging to, held by, or managed on behalf of Pakistani nationals; entrusting the property and its appurtenances in the hands of the custodian with immediate effect.
This includes all immovable property, all lockers and safe deposits; and all negotiable instruments such as promissory notes, shares, debentures and other commerce.
The current Custodian of enemy property for India (CEPI) is Mr. Rahul Ramesh Nangare (IRS-C&IT, 1999 batch).
(Order) The fees equal two percent on the gross income from the properties vested in the custodian.
A balance of 0.22 crores is in the personal ledger account of the custodian maintained by the Central Bank of India.