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Prevention of Money-laundering (the Manner of forwarding a Copy of the Order of Provisional Attachment of Property along with the Material, and Copy of the Reasons along with the Material in respect o


 Notice Date : 07 January 2010

Prevention of Money-laundering (the Manner of forwarding a Copy of the Order of Provisional Attachment of Property along with the Material, and Copy of the Reasons along with the Material in respect of Survey, to the Adjudicating Authority and its period of Retention) Amendment Rules, 2009 – Amendment in rule 2

NOTIFICATION NO. G.S.R. 18(E)

DATED 7-1-2010

In exercise of the powers conferred by sub-section (2) of section 5 and sub-section (2) of section 16 read with clauses (b) and (l) of sub-section (2) of section 73 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government hereby makes the following rules to amend the Prevention of Money-laundering (the Manner of forwarding a Copy of the Order of Provisional Attachment of Property along with the Material, and Copy of the Reasons along with the Material in respect of Survey, to the Adjudicating Authority and its period of Retention) Rules, 2005, namely:-

1.          (1) These rules may be called the Prevention of Money-laundering (the Manner of forwarding a Copy of the Order of Provisional Attachment of Property along with the Material, and Copy of the Reasons along with the Material in respect of Survey, to the Adjudicating Authority and its period of Retention) Amendment Rules, 2009.

(2)      They shall come into force on the date of their publication in the Official Gazette.

2.          In the Prevention of Money-laundering (the Manner of forwarding a Copy of the Order of Provisional Attachment of Property along with the Material, and Copy of the Reasons along with the Material in respect of Survey, to the Adjudicating Authority and its period of Retention) Rules, 2005, in rule 2, in sub-rule (1), in clause (f), -

(a)   in sub-clause (i), the words "in relation to an offence under paragraph 1 of Part A and Part B of the Schedule" shall be omitted;

(b)   for sub-clause (ii), the following sub-clause shall be substituted, namely:-

"(ii) a complaint filed before a Magistrate or a court by a person authorized to investigate the scheduled offence for taking cognizance of such scheduled offence;"

 

Guest
on 16 January 2010
Published in Corporate Law
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