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Union of India - Section

Section 22 in Finance Act, 2019

22. Amendment of section 8 of Act 15 of 2003.

- In section 8 of the Prevention of Money-laundering Act, 2002, in sub-section (3), with effect from such date as the Central Government may, by notification in the Official Gazette, appoint, -
(i)in clause (a), for the words "ninety days", the words "three hundred and sixty-five days" shall be substituted;
(ii)after clause (b), the following Explanation shall be inserted, namely: -
"Explanation. - For the purposes of computing the period of three hundred and sixty-five days under clause (a), the period during which the investigation is stayed by any court under any law for the time being in force shall be excluded.".