Power to relax provisions allows government discretion to relax rules for specified classes with written reasons. The provision confers a discretionary Power to Relax permitting the Central Government, when it considers it necessary or expedient, to relax any ... Summary
Power to relax provisions allows government discretion to relax rules for specified classes with written reasons.
The provision confers a discretionary Power to Relax permitting the Central Government, when it considers it necessary or expedient, to relax any provision of the Prevention of Money Laundering Rules for a specified class or category of persons, subject to an order that records reasons in writing; the relief operates on a class basis and requires written reasons for the relaxation.
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