Sample Read
© Taxmann Price : ` 275
Law stated in this book is as updated till 1st December, 2025
Published by : Taxmann Publications (P.) Ltd.
Sales & Marketing : 59/32, New Rohtak Road, New Delhi-110 005 India
Phone : +91-11-45562222
Website : www.taxmann.com
E-mail : sales@taxmann.com
Regd. Office : 21/35, West Punjabi Bagh, New Delhi-110 026 India
Printed at :
Tan Prints (India) Pvt. Ltd.
44 Km. Mile Stone, National Highway, Rohtak Road Village Rohad, Distt. Jhajjar (Haryana) India
E-mail : sales@tanprints.com
Disclaimer
Every effort has been made to avoid errors or omissions in this publication. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. It is notified that neither the publisher nor the author or seller will be responsible for any damage or loss of action to any one, of any kind, in any manner, therefrom. It is suggested that to avoid any doubt the reader should cross-check all the facts, law and contents of the publication with original Government publication or notifications.
No part of this book may be reproduced or copied in any form or by any means [graphic, electronic or mechanical, including photocopying, recording, taping, or information retrieval systems] or reproduced on any disc, tape, perforated media or other information storage device, etc., without the written permission of the publishers. Breach of this condition is liable for legal action.
For binding mistake, misprints or for missing pages, etc., the publisher’s liability is limited to replacement within seven days of purchase by similar edition. All expenses in this connection are to be borne by the purchaser. All disputes are subject to Delhi jurisdiction only.
PREVENTION OF MONEYLAUNDERING ACT, 2002
5.
6.
CHAPTER IV OBLIGATIONS OF BANKING COMPANIES, FINANCIAL INSTITUTIONS AND INTERMEDIARIES
14. No civil or criminal proceedings against reporting entity, its directors and employees in certain cases
15. Procedure and manner of furnishing information by reporting entities
CHAPTER V
VI
[Omitted by the Finance Act, 2016, w.e.f. 1-6-2016
[Omitted by the Prevention of Money Laundering (Amendment) Act, 2005, w.e.f. 1-7-2005]
30 [Omitted by the Finance Act, 2016, w.e.f. 1-6-2016]
31 [Omitted by the Finance Act, 2016, w.e.f. 1-6-2016]
32 [Omitted by the Finance Act, 2016, w.e.f. 1-6-2016]
33 [Omitted by the Finance Act, 2016, w.e.f. 1-6-2016]
34 [Omitted by the Finance Act, 2016, w.e.f. 1-6-2016]
35 Procedure and powers of Appellate
36 Distribution of business amongst Benches
37. Power of Chairman 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
VII
43.
Powers of authorities regarding summons, production of documents and to give evidence, etc.
52. Power of Central Government to issue directions, etc.
53. Empowerment of certain of cers
54. Certain of cers to assist in inquiry, etc.
CHAPTER IX
RECIPROCAL ARRANGEMENT FOR ASSISTANCE IN CERTAIN MATTERS AND PROCEDURE FOR ATTACHMENT AND CONFISCATION OF PROPERTY
55.
56.
57.
58.
58A.
58B.
59.
60. Attachment, seizure and con scation, etc., of property in a contracting State or India
62.
65.
74.
PREVENTION OF MONEY-LAUNDERING (THE MANNER OF FORWARDING A COPY OF THE ORDER OF PROVISIONAL ATTACHMENT OF PROPERTY ALONG WITH THE MATERIAL, AND COPY OF THE REASONS ALONG WITH THE MATERIAL IN RESPECT OF SURVEY, TO THE ADJUDICATING AUTHORITY AND ITS PERIOD OF RETENTION) RULES, 2005
1. Short title and commencement
3. Manner of forwarding a copy of the order of provisional attachment of property along with the material under sub-section (2) of section 5 of the Act, to the Adjudicating Authority
4. Manner of forwarding a copy of the reasons along with the material in respect of survey under sub-section (2) of section 16 of the Act, to the Adjudicating Authority
5. Acknowledgement of receipt of a copy of the order of provisional attachment of property and the material and a copy of the reasons and the material in respect of survey by the Adjudicating Authority
6. Period of retention of a copy of the order of provisional attachment of property and the material and a copy of the reasons and the material in respect of survey by the Adjudicating Authority
2005
1. Short title and commencement
2.
3. Receipt of con
4. Management of con
1.
2. Definitions
PREVENTION OF MONEYLAUNDERING (MAINTENANCE OF RECORDS) RULES, 2005
3 Maintenance of records of transactions (nature and value)
3A
4. Records containing
5 Procedure and manner of maintaining
6 [Omitted by the Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2013, w.e.f. 27-8-2013]
7. Procedure and manner of furnishing information
8 Furnishing of information to the Director
9 Client Due Diligence
9A. Functions and obligations of the Central KYC Records Registry
9B. Inspection by Reserve Bank of India
10. Maintenance of the records of the identity of clients
10A. Furnishing of Report to Director
PREVENTION OF MONEY-LAUNDERING (FORMS, SEARCH AND SEIZURE OR FREEZING AND THE MANNER OF FORWARDING THE REASONS AND MATERIAL TO THE ADJUDICATING AUTHORITY, IMPOUNDING AND CUSTODY OF RECORDS AND THE PERIOD OF RETENTION) RULES, 2005
1. Short title and commencement
2. De nitions
3. Procedure relating to search
4. Procedure relating to seizure or freezing
5. Applicability of the provisions of the Code of Criminal Procedure, 1973
6. Impounding of records
7. Custody of records
8. Manner of forwarding of a copy of the reasons and the material relating to search, seizure and freezing under sub-section (2) of section 17 and sub-section (1A) of section 17 of the Act and search of persons under sub-section (2) of section 18 and sub-section (2) of section 20 of the Act to the Adjudicating Authority
9. Acknowledgement of receipt of a copy of the reasons and the material relating to search, seizure or freezing and search of person by the Adjudicating Authority
10. Period of retention of copy of the reasons and the material relating to search, seizure or freezing and search of persons by the Adjudicating Authority
11. Forms of records
Interpretation
PREVENTION OF MONEY-LAUNDERING (THE FORMS AND THE MANNER OF FORWARDING A COPY OF ORDER OF ARREST OF A PERSON ALONG WITH THE MATERIAL TO THE ADJUDICATING AUTHORITY AND ITS PERIOD OF RETENTION) RULES, 2005
1. Short title and
2. De nitions
3. Manner of forwarding a copy of the order of arrest and the material to the Adjudicating Authority
4. Acknowledgement of receipt of the copy of the order of arrest and the material by the Adjudicating Authority
5. Period of retention of a copy of the order of arrest and the material by the Adjudicating Authority
6. Forms of records
1.
3. Manner of forwarding the copy of the order of retention of seized property along with the material to the Adjudicating Authority
4. Acknowledgement of receipt of the copy of the order of retention of seized property and the material by the Adjudicating Authority
5. Period of keeping the copy of the order of retention and the material by the Adjudicating Authority
(MANNER OF RECEIVING
RECORDS AUTHENTICATED OUTSIDE INDIA) RULES, 2005
1. Short title and commencement
2. De nitions
3. Manner of authentication of
4. Interpretation
PREVENTION OF MONEY-LAUNDERING (APPEAL) RULES, 2005
1.
2.
3.
4.
5.
6.
ADJUDICATING AUTHORITY (PROCEDURE) REGULATIONS, 2013
1.
2.
CHAPTER II
3. Filing of applications and complaints
4. Date and signature
5. Attestation
6. Receipt of papers
7. Date of stamping of papers and maintenance of Inward Register in the following manner
CHAPTER III PRESENTATION,
8.
9.
10.
11.
12.
of
CHAPTER IV
18.
19.
CHAPTER V
20. Dress for Chairperson, Members of Adjudicating Authority and representatives of parties
21. Examination of witness and the issue of commissions
22. Recording of deposition
23. Numbering of witness
24. Witness expenses payable 155
25. Marking of documents 155
CHAPTER VI ORDERS
26. Issue of Order 155
27. Copy of order to be delivered on date of its pronouncement 155
28. Indexing of case les 155
CHAPTER VII
GRANT OF CERTIFIED COPIES
29.
PREVENTION OF MONEY-LAUNDERING (ISSUANCE OF PROVISIONAL ATTACHMENT ORDER)
RULES, 2013
1. Short title and commencement 164
2. De nitions 164
3. Manner of issuance of provisional attachment order 165
4. Service of provisional attachment order on corporate bodies, societies and trusts etc. 165
5. Interpretation 166
PREVENTION OF MONEY-LAUNDERING (TAKING POSSESSION OF ATTACHED OR FROZEN PROPERTIES CONFIRMED BY THE ADJUDICATING AUTHORITY)
RULES, 2013
1. Short title and commencement 167
2. De nitions 167
3. Procedure relating to possession 168
4. Manner of taking possession of movable property 168
5. Manner of taking possession of immovable property 169
6. Mode of serving of notice 169
7. Con rmed attached property in the custody of Court 170
8. Con rmed attached property hypothecated or mortgaged or pledged to bank, nancial institutions, etc. 170
9. Maintenance of registers for con rmed attached property 170
10. Interpretation
PREVENTION OF MONEY-LAUNDERING (RESTORATION OF PROPERTY) RULES, 2016
1. Short title and commencement 173
2. De nitions 173
3. Manner for restoration of con scated property 173
3A. Manner of restoration of property during trial 174
4. Interpretation 174