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        Bills

        Clause 176 - Amendment of section 60.

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

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        Confiscation power under PMLA reassigned to Special Court replacing Adjudicating Authority in attachment and seizure proceedings. Clause 176 substitutes 'Adjudicating Authority' with 'Special Court' in section 60(2A) of the Prevention of Money Laundering Act, so that confiscation, attachment and seizure powers under the Act are exercised by the Special Court rather than by the Adjudicating Authority.
                          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.

                                Confiscation power under PMLA reassigned to Special Court replacing Adjudicating Authority in attachment and seizure proceedings.

                                Clause 176 substitutes "Adjudicating Authority" with "Special Court" in section 60(2A) of the Prevention of Money Laundering Act, so that confiscation, attachment and seizure powers under the Act are exercised by the Special Court rather than by the Adjudicating Authority.


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