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        Bills

        Clause 172 - Amendment of section 5

        Finance Bill, 2015
        Chapter IX PART VII
        AMENDMENTS TO THE PREVENTION OF MONEY-LAUNDERING ACT, 2002

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        Reference correction in section five of the Prevention of Money Laundering Act clarifies the proviso citation. The amendment replaces the citation to clause (b) with a citation to the first proviso in the second proviso of subsection (1) of section 5 of the Prevention of Money Laundering Act, as a clarificatory drafting correction intended to realign the statutory cross reference without altering substantive effect.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Reference correction in section five of the Prevention of Money Laundering Act clarifies the proviso citation.

                                The amendment replaces the citation to clause (b) with a citation to the first proviso in the second proviso of subsection (1) of section 5 of the Prevention of Money Laundering Act, as a clarificatory drafting correction intended to realign the statutory cross reference without altering substantive effect.


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