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Amendment of section 8

Section 147 - Act - AMENDMENTS TO THE PREVENTION OF MONEY-LAUNDERING ACT, 2002 - Finance Act - Section 147 - 147. In section 8 of the Money-laundering Act,- (i) in sub-section (3), in clause (b), for the words Adjudicating Authority , the words Speci .....

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cribed, may also direct the Central Government to restore such confiscated property or part thereof of a claimant with a legitimate interest in the property, who may have suffered a quantifiable loss as a result of the offence of money laundering: Pr .....

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