Prevention of Money-Laundering (Forms, Search And Seizure or Freezing And The Manner of Forwarding The Reasons And Material To The Adjudicating Authority, Impounding And Custody of Records And The Period of Retention) Rules, 2005 - Rules
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Custody of records limits retention by certain impounding authorities unless prior Director approval is obtained. Records impounded under sub section (5) of section 50 of the Act may be retained in the custody of the impounding authority; provided that where the impounding authority is a Deputy Director or an Assistant Director he shall not retain any such records beyond a prescribed short retention period without obtaining the previous approval of the Director in writing.
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.
Custody of records limits retention by certain impounding authorities unless prior Director approval is obtained.
Records impounded under sub section (5) of section 50 of the Act may be retained in the custody of the impounding authority; provided that where the impounding authority is a Deputy Director or an Assistant Director he shall not retain any such records beyond a prescribed short retention period without obtaining the previous approval of the Director in writing.
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