(1)

The Central Government may, by order published in the Official Gazette, appoint as many of its officers (not below the rank of a Joint Secretary to the Government) as it thinks fit, to perform the functions of an Administrator.

(2)

The Administrator appointed under sub-section (1) shall receive and manage the property in relation to which an order has been made under subsection (1) of section 68F or under section 68-I in such manner and subject to such conditions as may be prescribed.

(3)

The Administrator shall also take such measures, as the Central Government may direct, to dispose of the property which is forfeited to the Central Government.