Investigation period extension excludes periods of court stay from computation under amended prevention of money laundering provisions. The amendment substitutes 'ninety days' with 'three hundred and sixty-five days' in subsection (3)(a) of section 8, effective from a date notified by the Central Government, and inserts an Explanation excluding any period during which the investigation is stayed by a court from the computation of that extended period.
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Investigation period extension excludes periods of court stay from computation under amended prevention of money laundering provisions.
The amendment substitutes "ninety days" with "three hundred and sixty-five days" in subsection (3)(a) of section 8, effective from a date notified by the Central Government, and inserts an Explanation excluding any period during which the investigation is stayed by a court from the computation of that extended period.
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