(1) If, having regard to the value of the properties held by any person to
whom this act applies, either by himself or through any other person on his behalf, his known sources of
income, earnings or assets, and any other information or material available to it as a result of action taken
under section 18 or otherwise, the competent authority has reason to believe (the reasons for such belief to
be recorded in writing) that all or any of such properties are illegally acquired properties, it may serve a
notice upon such person (hereinafter referred to as the person affected) calling upon him within such time
as may be specified in the notice, which shall not be ordinarily less than thirty days, to indicate the
sources of his income, earnings or assets, out of which or by means of which he has acquired such
property, the evidence on which he relies and other relevant information and particulars, and to show
cause why all or any of such properties, as the case may be, should not be declared to be illegally acquired
properties and forfeited to the Central Government under this Act.
(2) Where a notice under sub-section (1) to any person specifies any property as being held on behalf of such person by any other person, a copy of the notice shall also be served upon such other person.
(2) Where a notice under sub-section (1) to any person specifies any property as being held on behalf of such person by any other person, a copy of the notice shall also be served upon such other person.