Prevention of Money Laundering Act, 2002

86. Omitted by the Finance Act, 2016, w.e.f. 1-6-2016. Prior to its omission, section 33 read as under :

"33. Member to act as Chairperson in certain circumstances.-(1) In the event of the occurrence of any vacancy in the office of the Chairperson by reason of his death, resignation or otherwise, the seniormost Member shall act as the Chairperson until the date on which a new Chairperson, appointed in accordance with the provisions of this Act to fill such vacancy, enters upon his office.

(2) When the Chairperson is unable to discharge his functions owing to absence, illness or any other cause, the seniormost Member shall discharge the functions of the Chairperson until the date on which the Chairperson resumes his duties."