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Prevention of Money-laundering (Receipt and Management of Confiscated Properties) Rules, 2005
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....tion 73 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government hereby makes the following rules for receipt and management of confiscated properties, namely :- Short title and commencement 1. (1) These rules may be called the Prevention of Money-laundering (Receipt and Management of Confiscated Properties) Rules, 2005. (2) They shall come into force on the date of ....
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....words and expressions used and not defined in these rules but defined in the Act, shall have the meaning respectively assigned to them in the Act. Receipt of confiscated property 3. The Administrator shall, at the time of receiving the confiscated properties, ensure proper identification of such property with reference to its particulars mentioned in the order confiscating such property. Manage....
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....ovable property, such as cash, Government or other securities, bullion, jewellery or other valuables. (4) The Administrator shall obtain a receipt from the Treasury or the bank, as the case may be, against the deposit of movable properties stated in sub-rule (3) of this rule. (5) The Administrator shall maintain a register containing the details in Form II for recording entries in respect of pro....
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....dress of the Treasury or bank where the properties are deposited for safe custody : 6. Date and time of deposit of confiscated properties in the Treasury or bank : 7. Receipt number with date of the receipt obtained from the Treasury or bank: 8. Remarks of the Administrator: (Signature of the Administrator) Name and designation of the Administrator Date: FORM II [See sub-rule (5) of rule 4....