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Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2023 - S.O. 1074(E) - Prevention of Money-LaunderingExtract ..... l come into force on the date of their publication in the Official Gazette. 2. In the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 (hereinafter referred to as the principal rules), in rule 2, in sub-rule (1) - (i) after clause (cb), the following clause shall be inserted, namely: “(cba) “group" shall have the same meaning assigned to it in clause (e) of sub-section (9) of section 286 of the Income-tax Act,1961 (43 of 1961); (ii) existing clause (cba) shall ..... x x x x x Extracts x x x x x Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2023 - S.O. 1074(E) - Prevention of Money-Laundering x x x x x Extracts x x x x x ..... incipal rules, after rule 3, the following rule shall be inserted, namely: - “(3A) Implementation of policies by groups. - Groups are required to implement group-wide policies for the purpose of discharging obligations under the provisions of Chapter IV of the Prevention of Money-laundering Act, 2002 (15 of 2003).”. 4. In the principal rules, in rule 9, - (i) in sub-rule (3) - (i) in clause (a), in the Explanation, in clause (1), for the words “twenty-five”, the word &ldq ..... x x x x x Extracts x x x x x Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2023 - S.O. 1074(E) - Prevention of Money-Laundering x x x x x Extracts x x x x x ..... ed; (b) after clause (iv), the following clauses shall be inserted, namely:- “(v) the names of the beneficiaries, trustees, settlor and authors of the trust and the address of the registered office of the trust; and (vi) list of trustees and documents as are required for individuals under sub-rule (4) for those discharging role as trustee and authorised to transact on behalf of the trust.”; (v) after sub-rule (9), the following sub-rules shall be inserted, namely:- “(9A) Every ..... x x x x x Extracts x x x x x Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2023 - S.O. 1074(E) - Prevention of Money-Laundering x x x x x Extracts x x x x x
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