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Prevention of Money-laundering (Receipt and Management of Confiscated Properties) Rules, 2005

Money Laundering - GSR 443(E) - Dated:- 1-7-2005 - MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the dated 1-7-2005 GSR 443(E),- In exercise of the powers conferred by sub-section (1) read with clause (f) of sub-section (2) of s .....

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led the . (2) They shall come into force on the date of their publication in the Official Gazette. Definitions 2. (1) In these rules, unless the context otherwise requires,- (a) Act means the Prevention of Money-laundering Act, 2002 (15 of 2003); (b) .....

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ns prohibition of transfer, conversion, disposition or movement of property by an order issued under Chapter III of the Act; (e) Form means forms appended to these rules; (f) order means an order made by the Adjudicating Authority under sub-section ( .....

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d property 3. The Administrator shall, at the time of receiving the confiscated properties, ensure proper identification of such property with reference to its particulars mentioned in the order confiscating such property. Management of confiscated p .....

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he proper maintenance and custody of the property at the place of attachment. (2) If the property confiscated consists of cash, Government or other securities, bullion, jewellery or other valuables, the Administrator shall cause to deposit them for s .....

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ng entries in respect of movable property, such as cash, Government or other securities, bullion, jewellery or other valuables. (4) The Administrator shall obtain a receipt from the Treasury or the bank, as the case may be, against the deposit of mov .....

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sistance to the Administrator 5. The Central Government may provide from time to time such members of staff and other persons as it thinks fit to assist the Administrator in exercise of his powers and performance of duties under these rules. Interpre .....

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cated Property (Movable) Register 1. Order number : 2. Date of receipt of properties : 3. Description of properties (quantity, amount, estimated value) : 4. Name(s) and address(es) of the accused : 5. Name and address of the Treasury or bank where th .....

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