Small account operational extension allows continued activity through a notified transitional period under amended PMLA record rules. The Central Government amends the Maintenance of Records Rules, 2005 to permit a small account to remain operational for a specified transitional period by inserting a clause in the proviso to sub rule (5) of rule 9; the amendment overrides the prior proviso for that period and allows further periods as notified, with the rules coming into force on publication in the Official Gazette.
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Provisions expressly mentioned in the judgment/order text.
Small account operational extension allows continued activity through a notified transitional period under amended PMLA record rules.
The Central Government amends the Maintenance of Records Rules, 2005 to permit a small account to remain operational for a specified transitional period by inserting a clause in the proviso to sub rule (5) of rule 9; the amendment overrides the prior proviso for that period and allows further periods as notified, with the rules coming into force on publication in the Official Gazette.
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