Prevention of Money Laundering (Appointment and Conditions of" Service of Chairperson and Members of Appellat… — 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 tated 1s' August; 2007, as amended. G.S.R: 519 (E)-In exercise of the powers conferred by clause (s) 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 commencement;- These rules may be called the Prevention of Money Laundering (Appointment and Conditions of Service of Chairperson and Members of Appellate Tribunal) Rules, 2007. (2) They shall come into force On the date of their publication in the Official Gazette_ 2 Definitions. In these rules. unless the context otherwise requires. (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). AIl other words and expressions used in these rules and not defined but defined in the Act; shall have the meaning respectively assigned t0 them in the Act: 3. Qualifications for Appointment as Chairperson .- A person shall not be qualified for appointment as Chairperson unless he is or has been & 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 Chairperson: Thc appointment of Chairperson shall be made on the recommendation of the Chief Justice of India. 5. Qualifications for Appointment as Member - from the following category:-