Continuity of adjudicatory functions: government may permit PML Act authorities to continue discharging Benami Act functions for specified periods and cases. The Order empowers the Central Government to specify, by notification, that the authorities constituted under the Prevention of Money laundering Act may continue to discharge functions under the Prohibition of Benami Property Transactions Act for such period and in respect of such cases or class of cases as may be specified, thereby addressing difficulties from the time gap between constitution of Benami Act authorities and the cessation of functions by the previously notified authorities.
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Continuity of adjudicatory functions: government may permit PML Act authorities to continue discharging Benami Act functions for specified periods and cases.
The Order empowers the Central Government to specify, by notification, that the authorities constituted under the Prevention of Money laundering Act may continue to discharge functions under the Prohibition of Benami Property Transactions Act for such period and in respect of such cases or class of cases as may be specified, thereby addressing difficulties from the time gap between constitution of Benami Act authorities and the cessation of functions by the previously notified authorities.
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