Investigation period extension excludes periods of court stay from computation under amended prevention of money laundering provisions. The amendment substitutes "ninety days" with "three hundred and sixty-five days" in subsection (3)(a) of section 8, effective from a date notified by the ... Summary
Investigation period extension excludes periods of court stay from computation under amended prevention of money laundering provisions.
The amendment substitutes "ninety days" with "three hundred and sixty-five days" in subsection (3)(a) of section 8, effective from a date notified by the Central Government, and inserts an Explanation excluding any period during which the investigation is stayed by a court from the computation of that extended period.
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