https://www.taxtmi.com/acts?id=31960 Amendments expand the definition of proceeds of crime to permit action against equivalent property held abroad, revise time computation for section 5 by excluding stayed periods and adding a short post vacatur period, and allow adjudication breathing space for authorities while enabling Special Courts to consider restoration claims during trial. The changes require bail applications to be heard by the Special Court, delink Schedule dependence for cognizable non bailable treatment with a provision for leniency in less grave money laundering allegations, enhance summons and evidence powers, mandate inter agency information sharing when other law contraventions are suspected, and add a Companies Act provision to the Schedule for corporate fraud. en-us Thu, 01 Feb 2018 18:30:18 +0530 Fri, 02 Feb 2018 18:09:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31960 Amendments expand the definition of proceeds of crime to permit action against equivalent property held abroad, revise time computation for section 5 by excluding stayed periods and adding a short post vacatur period, and allow adjudication breathing space for authorities while enabling Special Courts to consider restoration claims during trial. The changes require bail applications to be heard by the Special Court, delink Schedule dependence for cognizable non bailable treatment with a provision for leniency in less grave money laundering allegations, enhance summons and evidence powers, mandate inter agency information sharing when other law contraventions are suspected, and add a Companies Act provision to the Schedule for corporate fraud. Act-Rules Bills Thu, 01 Feb 2018 18:30:18 +0530 https://www.taxtmi.com/acts?id=31960