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Prevention of Money-laundering (Appeal) Amendment Rules, 2016
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Monetary cap removal: amendment deletes the specified monetary limit from rule 3(2) of the PMLA appeal rules upon publication.
The Central Government amends the Prevention of Money laundering (Appeal) Rules, 2005 by deleting the phrase constituting the monetary cap from the Table in rule 3(2) against the specified serial entry; the amendment, titled Prevention of Money laundering (Appeal) Amendment Rules, 2016, takes effect on publication in the Official Gazette and is made under the rule making powers conferred by the Act.
Prevention of Money-laundering (Restoration of Confiscated Property) Rules, 2016.
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Restoration of confiscated property requires public notice and claimant submissions; pro rata relief may be ordered.
Rules set a restoration procedure for confiscated property: a claimant is one who acted in good faith and suffered a quantifiable loss; the Special Court must publish notice calling claimants to submit claims; where property is insufficient, restoration may be ordered on a pro rata basis according to each claimant's share of loss; claims are subject to a strict filing period with limited discretionary extension; interpretive questions are referred to the Central Government.
Appoints the Special Public Prosecutors
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Special Public Prosecutors appointed to conduct Prevention of Money Laundering Act cases before Special Courts nationwide under statutory provisions.
Central Government designates Assistant Legal Advisors of the Directorate of Enforcement as Special Public Prosecutors to conduct all cases on behalf of the Directorate before Special Courts under the Prevention of Money Laundering Act, 2002, identifying the appointees by name and specifying the statutory and procedural basis for the appointments.
Supersession of the Adjudicating Authority Registrar, Group 'A' Recruitment Rules, 2012
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Registrar recruitment by deputation sets law degree requirements, deputation tenure and age limits, with polygamy disqualification and UPSC consultation.
These rules govern recruitment to the Registrar post of the Adjudicating Authority under the PMLA, establishing it as a Group A Gazetted non ministerial post to be filled primarily by deputation (including short term contract) from specified analogous posts across government and allied bodies. Candidates must hold a law degree and requisite experience in judicial service, legal departments, teaching or law administration; pre 2006 regular service is to be deemed at corresponding grade pay for deputation eligibility. Deputation tenure is ordinarily limited to three years, the deputation age ceiling is specified, polygamy is a disqualification subject to Central Government exemption, and UPSC consultation is required for deputation appointments.
Special Courts - Trial of offence punishable under section 4 of the Act.
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Special Courts designation under Prevention of Money Laundering Act enables trial of money laundering offences in specified districts.
The Central Government, invoking sub section (1) of section 43 of the Prevention of Money Laundering Act, 2002 and consulting the Chief Justice of the Guwahati High Court, notifies designated Courts of Session as Special Courts for trial of money laundering offences, with the annexure specifying the Sessions Courts in Manipur and Tripura and the territorial districts for which each court will exercise trial jurisdiction.
Court of Session designated as Special Court under the Prevention of Money laundering Act, 2002 - Area specified for trial of offence punishable under section 4 of the Prevention of Money-laundering Act, 2002.
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Special Court designation for money-laundering offences allocates trial jurisdiction by territory, court category, investigating agency, and case transfer.
Special Courts for money-laundering offences are designated from Courts of Session under section 43(1) of the Prevention of Money-laundering Act, 2002 for trial of offences punishable under section 4. Each court receives defined territorial jurisdiction covering an entire State or Union Territory, specified districts, revenue districts, or sessions divisions. Separate Special Courts may be assigned according to the investigating agency, including cases arising from Central Bureau of Investigation, anti-corruption, or economic-offence investigations. Designated additional courts may receive cases made over by the principal court within the relevant territorial or agency-specific stream.

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Money Laundering

Prevention of Money-laundering (Restoration of Confiscated Property) Rules, 2016. - 4/2016 - Prevention of Money-Laundering

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Restoration of confiscated property requires public notice and claimant submissions; pro rata relief may be ordered.
Rules set a restoration procedure for confiscated property: a claimant is one who acted in good faith and suffered a quantifiable loss; the Special Court ... Summary

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Acts Income Tax