Corporate representation under money-laundering investigation summons permits authorised signatory attendance, subject to directors' continuing duty to cooperate personally.

An authorised agent or signatory may appear for a company in response to summons issued during an investigation under the Prevention of Money Laundering Act, 2002, where the summons permits attendance by a director or authorised signatory. The company undertook through its director that all directors would cooperate and personally appear whenever required. As the investigating authority did not object to accepting the undertaking and recording the authorised agent's statement, the arrangement permits the agent's appearance while preserving the obligation of the company and its directors to cooperate and attend when required.

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Issues: Whether the petitioner-company's agent/authorized signatory could be permitted to appear pursuant to summons issued for investigation under the Prevention of Money Laundering Act, 2002.

Analysis: The summons contemplated attendance by a Director or Authorized Signatory on behalf of the company. The company gave an undertaking through its Director that all directors would cooperate with the investigation and would personally appear whenever required. The investigating authority expressed no objection to accepting that undertaking and recording the statement of the authorized agent.

Conclusion: The authorized agent/signatory may appear in compliance with the summons, while the company and its directors must cooperate with the investigation and appear whenever required.

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