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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.

Money Laundering - GSR 447(E), - Dated:- 1-7-2005 - MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the dated 1-7-2005 GSR 447(E),-In exercise of the powers conferred by sub-section (1) and clause (x) of sub-section (2) of section 73 read with sub-section (2) of section 20 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government hereby makes the following rules relating to the manner of forwarding a copy of the order of retention of seized property .....

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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; (f) material means any material in the possession of the authorized officer on the basis of which he has recorded reasons under sub-section (1) of section 20 of the Act incl .....

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relation to an offence under paragraph 2 of Part A of the Schedule; (g) order means the order for retention of the property for the purposes of adjudication; (h) seized property means any property seized under section 17 or section 18 of the Act; (i) Schedule means the Schedule to the Act; (j) section means a section of the Act. (2) All other words and expressions used and not defined in these rules but defined in the Act shall have the meaning respectively assigned to them in the Act. Manner o .....

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fficer shall place an acknowledgement slip in Form-I appended to these rules inside the envelope before sealing it. (3) The authorised officer shall indicate a reference number and date of despatch on the sealed envelope. (4) The sealed envelope shall be marked Confidential and To be opened by the addressee only , the complete address of the Adjudicating Authority including his name shall be mentioned on the sealed envelope, with official seal. (5) The authorised officer shall place the sealed e .....

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order and the material are forwarded to the Adjudicating Authority. Acknowledgement of receipt of the copy of the order of retention of seized property and the material by the Adjudicating Authority 4. (1) On receipt of the outer sealed envelope along with Form-II, the Adjudicating Authority or in his absence, the designated officer of the office of Adjudicating Authority shall forward Form-II duly filled in, signed and his name legibly written below his signature. The seal of the office of the .....

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operty and the material. (3) The Adjudicating Authority shall maintain registers and other records such as acknowledgement slip register, dak register, and register showing details of receipt of the copy of the order of retention along with the material for the purposes of this rule and shall ensure that necessary entries are made in the registers immediately on receipt of such order and the material. Period of keeping the copy of the order of retention and the material by the Adjudicating Autho .....

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en filed in the High Court under section 42 of the Act, until the disposal of such appeal by the High Court; whichever is later. Interpretation 6. 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. FORM-I [See sub-rule (2) of rule 3] ACKNOWLEDGEMENT SLIP Serial Number................................. Received the copy of the order of retention of seized property an .....

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