The Prevention of Money-Laundering Act `2003
An Act to prevent money-laundering and to provide for confiscation of property derived from, or involved in, money-laundering and for matters connected therewith or incidental thereto.
List of Chapters & Sections
PRELIMINARY
OFFENCE OF MONEY-LAUNDERING
ATTACHMENT, ADJUDICATION AND CONFISCATION
OBLIGATIONS OF BANKING COMPANIES, FINANCIAL INSTITUTIONS AND INTERMEDIARIES
SUMMONS, SEARCHES AND SEIZURES, ETC
APPELLATE TRIBUNAL
SPECIAL COURTS
AUTHORITIES
RECIPROCAL ARRANGEMENT FOR ASSISTANCE IN CERTAIN MATTERS AND PROCEDURE FOR ATTACHMENT AND CONFISCATION OF PROPERTY
MISCELLANEOUS
PRELIMINARY
OFFENCE OF MONEY-LAUNDERING
ATTACHMENT, ADJUDICATION AND CONFISCATION
- 5Attachment of property involved in money-laundering
- 6Adjudicating Authorities, composition, powers, etc
- 7Staff of Adjudicating Authorities
- 8Adjudication
- 9Vesting of property in Central Government
- 10Management of properties confiscated under this Chapter
- 11Power regarding summons, production of documents and evidence, etc
- 11AVerification of Identity by Reporting Entity
OBLIGATIONS OF BANKING COMPANIES, FINANCIAL INSTITUTIONS AND INTERMEDIARIES
SUMMONS, SEARCHES AND SEIZURES, ETC
APPELLATE TRIBUNAL
- 25Appellate Tribunal
- 26Appeal to Appellate Tribunal
- 27[Omitted.]
- 28[Omitted.]
- 29[Omitted.]
- 30[Omitted.]
- 31[Omitted.]
- 32[Omitted.]
- 33[Omitted.]
- 34[Omitted.]
- 35Procedure and powers of Appellate Tribunal
- 36Distribution of business amongst Benches
- 37Power of Chairperson to transfer cases
- 38Decision to be by majority
- 39Right of appellant to take assistance of authorised representative and of Government to appoint presenting officers
- 40Members, etc., to be public servants
- 41Civil court not to have jurisdiction
- 42Appeal to High Court
SPECIAL COURTS
AUTHORITIES
- 48Authorities under Act
- 49Appointment and powers of authorities and other officers
- 50Powers of authorities regarding summons, production of documents and to give evidence, etc
- 51Jurisdiction of authorities
- 52Power of Central Government to issue directions, etc
- 53Empowerment of certain officers
- 54Certain officers to assist in inquiry etc
RECIPROCAL ARRANGEMENT FOR ASSISTANCE IN CERTAIN MATTERS AND PROCEDURE FOR ATTACHMENT AND CONFISCATION OF PROPERTY
- 55Definitions
- 56Agreements with foreign countries
- 57Letter of request to a contracting State in certain cases
- 58Assistance to a contracting State in certain cases
- 58ASpecial Court to release the property
- 58BLetter of request of a contracting State or authority for confiscation or release the property
- 59Reciprocal arrangements for processes and assistance for transfer of accused persons
- 60Attachment, seizure and confiscation, etc., of property in a contracting State or India
- 61Procedure in respect of letter of request
MISCELLANEOUS
- 62Punishment for vexatious search
- 63Punishment for false information or failure to give information, etc
- 64Cognizance of offences
- 65Code of Criminal Procedure, 1973 to apply
- 66Disclosure of information
- 67Bar of suits in civil courts
- 68Notice, etc., not to be invalid on certain grounds
- 69Recovery of fine or penalty
- 70Offences by companies
- 71Act to have overriding effect
- 72Continuation of proceedings in the event of death or insolvency
- 73Power to make rules
- 74Rules to be laid before Parliament
- 75Power to remove difficulties