Power to acquire requisitioned property.

(1) The Central Government may at any time acquire any moveable property requisitioned by it under section 2 by serving on the owner thereof, or, where the owner is not readily traceable or the ownership is in dispute, by publishing in the Official Gazette, a notice stating that the said authority has decided to acquire to it in pursuance of this section. (2) Where a notice of acquisition is served on the owner of the property or published in the Official Gazette under sub-section (1) then at the beginning of the day on which the notice is so served or published the property shall vest in the Central Government free from all encumbrances and the period of requisition thereof shall end.