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Prevention of Money-laundering (the Manner of Forwarding a Copy of the Order of Retention of Seized Property along with the Material to the Adjudicating Authority and the period of its Retention) Amen


 Notice Date : 07 January 2010

Prevention of Money-laundering (the Manner of Forwarding a Copy of the Order of Retention of Seized Property along with the Material to the Adjudicating Authority and the period of its Retention) Amendment Rules, 2009 – Amendment in rule 2

NOTIFICATION NO. G.S.R. 20(E)

DATED 7-1-2010

In exercise of the powers conferred by sub-section (2) of section 20 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 Retention of Seized Property along with the Material to the Adjudicating Authority and the period of its 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 Retention of Seized Property along with the Material to the Adjudicating Authority and the period of its 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 Retention of Seized Property along with the Material to the Adjudicating Authority and the period of its Retention) Rules, 2005, in rule 2, in sub-rule (1), for clause (f), the following clause shall be substituted, namely:-

"(f) "material" means any material in possession of the officer authorized under sub-section (1) of section 20 of the Act including, -

(i) a report forwarded to a Magistrate under section 157 of the Code of Criminal Procedure, 1973 (2 of 1974) or 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;

(ii) report forwarded to a Magistrate under section 173 of Code of Criminal Procedure, 1973 (2 of 1974) or 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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