Amendment of section 20
174. In section 20 of the Money-laundering Act,--
(i) in sub-section (5), for the words “the Court or the Adjudicating Authority, as the case may be”, the words “Special Court” shall be substituted;
(ii) in sub-section (6),--
(a) for the word “Court”, the words “Special Court” shall be substituted;
(b) after the words “ninety days from the date of”, the words “receipt of” shall be inserted.
Notes on Clauses:
Clause 174 of the Bill seeks to amend section 20 of the 2002 Act. This clause seeks to amend sub-section (5) of the said section so as to substitute the words “the Court or the Adjudicating Authority as the case may be”, with the words “Special Court”. Sub-clause (ii) seeks to make modifications in sub-section (6) wherein reference to “Special Court” has been made instead of “Court” and to insert the expression “receipt of” in sub-section (6) to clearly specify the date from which the period of 90 days for which Enforcement Directorate can withhold release of property or record under section 20, shall be counted.
