In other cases of hijacking, guilty will be punished with imprisonment for life and fine, besides confiscation of movable and immovable property held by him or her.
The new law mandates the Central government to confer powers of investigation, arrest and prosecution on any officer of the Central government or National Investigation Agency (NIA).
The Anti-Hijacking Act 2016 has received the assent of President Pranab Mukherjee on Friday and it has been notified, according to a notification issued on Monday.
It was referred to a Parliamentary panel in December that year which gave its report in March last year. The bill was passed on May 4, this year in the Upper House, and on May 9 in Lok Sabha.
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In the old Act, hijackers could be tried for death penalty only in the event of death of hostages, such as flight crew, passengers and security personnel.
In the new law, the definition has been expanded to include death of "security personnel on board" or "ground support staff" as well.
India has witnessed 19 hijacking incidents.
The new law has repealed the Anti-Hijacking Act, 1982 with few conditions.