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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Summoning Officer Must Use Form V for Summons Under Section 50 of Prevention of Money-Laundering Act, 2005</h1> The Summoning Officer, when exercising powers under sub-sections (2) and (3) of section 50 of the Prevention of Money-Laundering Act, 2005, is required to issue summons using Form V as specified in the rules. These provisions are part of the rules concerning the forms, search and seizure, or freezing of assets, and the procedures for forwarding reasons and materials to the Adjudicating Authority, as well as the impounding and custody of records and the period of their retention.
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