Prevention of Money Laundering (Appointment and Conditions of Service of Chairperson and Members of Appellate… — THE PREVENTION OF MONEY -LAUNDERING ACT, 2002

Prevention of Money Laundering (Appointment and Conditions of Service of Chairperson and Members of Appellate Tribunal) Rules, 2007 dated 1" August, 2007, as amended . G . S.R. 519 (E),-fn exercise of the powers conferred by clause (5) of sub-section(2) of section 73 read with section 30 of the Prevention of Money-Laundering Act , 2002 (15 of 2003) , the Central Government hereby makes the following rules regulating the appointment and conditions of service of persons appointed as Chairperson and Members of the Appellate Tribunal . namely.- 1 . Short title and commencemcnt . -(I) These rules may be called the Prevention of Money Laundering (Appointment and Conditions of Service of Chairperson and Members of Appellate Trlbunal) Rules , 2007 . ( ' 2) They shall come into force on the date of their publication in the Official Gazette. 2 . Oetinitions . -(I) In these rules . un less the context otherwise requ ires,- (a) " Act" means the Prevention of Money -Laundering Act , 2002 (15 of 2003): (b) "Appellate Tribunal " means an Appellate Tribunal established under section 25 of the Act; (c) "Chairperson" means the Chairperson of the Appellate Tribunal; (d) "Member" means a Member of the Appellate Tribunal . (2) . All other words and expressions used in these rules and not defined but defined in the Act , shall have the meaning respectively assigned to them in the Act . 3 . Qualifications for Appointment as Chairpcl ' son.A person shall not be qualified for appointment as Chairperson unless he is or has been a Judge of the Supreme Court or of a High Court or is qualified to be a Judge of the High Court . 4. Method of Appointment as Chairpcrson .-The appointment of Chairperson shall be made on the recommendation of the Chief Justice of India , * 5 . Qualifications for Appointm