THE PREVENTION OF MONEY-LAUNDERING (THE MANNER OF FORVVARDING A COpy OF THE ORDER OF RETENTION OF SEIZED PROPERTY ALONG lAlITH THE MATERIAL

bebb7bea1e10035d9d4392d5f6590847c7e6d8fd · 2002 · State unknown

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Parent: THE PREVENTION OF MONEY -LAUNDERING ACT, 2002 (544a163435adf0662860bb3ba3dcf1402ee412e2)

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, I i THE PREVENTION OF MONEY-LAUNDERING (THE MANNER OF FORVVARDING A COpy OF THE ORDER OF RETENTION OF SEIZED PROPERTY ALONG lAlITH THE MATERIAL TO THE ADJUDICATING AUTHORITY AND THE PERIOD OF ITS RETENTION) RUl , ES r 2005 1 In exercise of the powers conferred by sub-section (1) and clause (x) of su b-section (2) oj section 73 read with sub-section (2) oj section 20 of the Prevention of Money-laundering Act, t, 2002 (15 of 2003), the Central Government hereby makes the following rules relating to the manner ofjonoarding a copy of the order of retention of s eized property along with the material to the Adjudicating Authority and its period of retention by the Adjudicating Authority, y, 11amely:- 1 . Short title and commencement .-(I) 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) Rules , 2005. (2) They shall corne into force on the date? of their publication in the Official Gazette. 2 . Definitions.-(l) In these rules , unless the context otherwise requires , - (a) " Act" means the Prevention of Money-Iaunderi . ng Act , 2002 (15 of 2003); (b) "Adjudicating Authority" means an Adjudicating Authority appointed under sub-section (1) of section 6 of the Act; (c) "authorised officer' means an officer authorised by the Director under sub-section (1) of section 20 of the Act; (d) " designated officer" means an officer designated by the Adjudicating Authority for the purpose of sub-rule (1) of rule 4; (e) "Form" means forms appended to these rules; 3[(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 forwa

Rule TOC

1 · . Short title and commencement .-(I) 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) Rules , 2005.

2 · . Definitions.-(l) In these rules , unless the context otherwise requires , -

1 · . Vide G . 5.R . 447(E) , dated Isr July , 2005, published in the Gazette of India , Extra . , Pt . II , Sec . 3(i) , da ted 1st July , 2005.

2 · . Came into force on 1 -7 -2005 .

3 · . Subs. by G . 5 . R . 20(E) , dated 7th january , 2010 , for clause (f) (w . e . f , 7 -1 -2010). Clause (f) , before substitution , stood as under:

3 · . Manner or forwarding the copy of the order of retention of seized property along with the material to the Adjudicating Authority.-(l) The authorised officer shall prepare the index of the copy of the order of retention of the seized property and the material and sign each page of such index of the copy of the order and the material and shall also write a letter while forwarding such index of the copy of the order and the material to the Adjudicating Authority in a sealed envelope.

5 · . Period of keeping the copy of the order or retention and the material by the Adjudicating Authority . -The Adjudicating Authority shall keep the copy of the order of retention of seized property and the material for a period of ten years or if, before the expiry of the said period of ten years, -

6 · . Interpretation.-If any question arises relating to the interpretation of these rules, the matter shall be referred to the Central Government and the decision of the Central Government shall be final .