https://www.taxtmi.com/article/detailed?id=7867 Proposed Finance Bill amendments modify the Prevention of Money Laundering Act by widening the definition of proceeds of crime, excluding High Court stay periods when computing provisional attachment duration, permitting retention or freezing of property during investigation for up to ninety days or pending related criminal proceedings, enabling the Special Court to consider restoration claims during trial, extending summons powers to the Joint Director, requiring presentation of arrested persons to a Special Court or magistrate within twenty-four hours, formalising information-sharing with other agencies, and adding a Companies Act fraud offence to the Schedule. en-us Tue, 06 Feb 2018 07:28:56 +0530 Tue, 06 Feb 2018 07:28:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7867 Proposed Finance Bill amendments modify the Prevention of Money Laundering Act by widening the definition of proceeds of crime, excluding High Court stay periods when computing provisional attachment duration, permitting retention or freezing of property during investigation for up to ninety days or pending related criminal proceedings, enabling the Special Court to consider restoration claims during trial, extending summons powers to the Joint Director, requiring presentation of arrested persons to a Special Court or magistrate within twenty-four hours, formalising information-sharing with other agencies, and adding a Companies Act fraud offence to the Schedule. Articles Budget - Tax Proposals Tue, 06 Feb 2018 07:28:56 +0530 https://www.taxtmi.com/article/detailed?id=7867