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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>New Rules on Retention of Seized Property Under Prevention of Money-Laundering Act, 2002, Now Effective</h1> The Prevention of Money-Laundering Rules, 2005, established by the Central Government under the Prevention of Money-Laundering Act, 2002, dictate the procedure for forwarding a copy of the order of retention of seized property to the Adjudicating Authority. These rules also specify the duration for which the Adjudicating Authority may retain the seized property. The rules became effective upon their publication in the Official Gazette on July 1, 2005.