LawgistAll Acts
Prevention of Money-Laundering Act
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.
| Act Id | 200315 |
| Act Number | 15 |
| Enactment Date | 2003-01-17 |
| Act Year | 2003 |
| Ministry | Ministry of Finance |
| Enforcement Date | 01-07-2005 |
- PRELIMINARY
- OFFENCE OF MONEY-LAUNDERING
- ATTACHMENT, ADJUDICATION AND CONFISCATION
- 5 Attachment of property involved in money-laundering
- 6 Adjudicating Authorities, composition, powers, etc
- 7 Staff of Adjudicating Authorities
- 8 Adjudication
- 9 Vesting of property in Central Government
- 10 Management of properties confiscated under this Chapter
- 11 Power regarding summons, production of documents and evidence, etc
- 11A Verification of Identity by Reporting Entity
- OBLIGATIONS OF BANKING COMPANIES, FINANCIAL INSTITUTIONS AND INTERMEDIARIES
- SUMMONS, SEARCHES AND SEIZURES, ETC
- APPELLATE TRIBUNAL
- 25 Appellate Tribunal
- 26 Appeal to Appellate Tribunal
- 27 [Omitted.]
- 28 [Omitted.]
- 29 [Omitted.]
- 30 [Omitted.]
- 31 [Omitted.]
- 32 [Omitted.]
- 33 [Omitted.]
- 34 [Omitted.]
- 35 Procedure and powers of Appellate Tribunal
- 36 Distribution of business amongst Benches
- 37 Power of Chairperson to transfer cases
- 38 Decision to be by majority
- 39 Right of appellant to take assistance of authorised representative and of Government to appoint presenting officers
- 40 Members, etc., to be public servants
- 41 Civil court not to have jurisdiction
- 42 Appeal to High Court
- SPECIAL COURTS
- AUTHORITIES
- 48 Authorities under Act
- 49 Appointment and powers of authorities and other officers
- 50 Powers of authorities regarding summons, production of documents and to give evidence, etc
- 51 Jurisdiction of authorities
- 52 Power of Central Government to issue directions, etc
- 53 Empowerment of certain officers
- 54 Certain officers to assist in inquiry etc
- RECIPROCAL ARRANGEMENT FOR ASSISTANCE IN CERTAIN MATTERS AND PROCEDURE FOR ATTACHMENT AND CONFISCATION OF PROPERTY
- 55 Definitions
- 56 Agreements with foreign countries
- 57 Letter of request to a contracting State in certain cases
- 58 Assistance to a contracting State in certain cases
- 58A Special Court to release the property
- 58B Letter of request of a contracting State or authority for confiscation or release the property
- 59 Reciprocal arrangements for processes and assistance for transfer of accused persons
- 60 Attachment, seizure and confiscation, etc., of property in a contracting State or India
- 61 Procedure in respect of letter of request
- MISCELLANEOUS
- 62 Punishment for vexatious search
- 63 Punishment for false information or failure to give information, etc
- 64 Cognizance of offences
- 65 Code of Criminal Procedure, 1973 to apply
- 66 Disclosure of information
- 67 Bar of suits in civil courts
- 68 Notice, etc., not to be invalid on certain grounds
- 69 Recovery of fine or penalty
- 70 Offences by companies
- 71 Act to have overriding effect
- 72 Continuation of proceedings in the event of death or insolvency
- 73 Power to make rules
- 74 Rules to be laid before Parliament
- 75 Power to remove difficulties
