https://www.taxtmi.com/notifications?id=121550 The Third Amendment Rules, 2017 insert a proviso to rule 2(1)(fb)(iii) of the Prevention of Money laundering (Maintenance of Records) Rules, 2005 excluding the prescribed balance limit when deposits are made through government grants, welfare benefits, or payments against procurements. The amendment takes effect on publication in the Official Gazette and thus narrowcasts the applicability of the balance-limit criterion for record maintenance in those specific circumstances. en-us Mon, 21 Aug 2017 00:00:00 +0530 Tue, 22 Aug 2017 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=121550 The Third Amendment Rules, 2017 insert a proviso to rule 2(1)(fb)(iii) of the Prevention of Money laundering (Maintenance of Records) Rules, 2005 excluding the prescribed balance limit when deposits are made through government grants, welfare benefits, or payments against procurements. The amendment takes effect on publication in the Official Gazette and thus narrowcasts the applicability of the balance-limit criterion for record maintenance in those specific circumstances. Notifications Money Laundering Mon, 21 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/notifications?id=121550