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Union of India - Section

Section 149 in Finance Act, 2015

149. Amendment of section 21.

- In section 21 of the Money-laundering Act, -
(i)in sub-section (5), for the words, brackets and figures "under sub-section (5) or sub-section (7) of section 8", the words, brackets, figures and letters "or release under sub-section (5) or sub-section (6) or sub-section (7) of section 8 or section 58B or sub-section (2A) of section 60" shall be substituted;
(ii)in sub-section (6), -
(a)for the words, brackets, figures and letters "under sub-section (6) of section 8 or by the Adjudicating Authority under section 58B or sub-section (2A) of section 60", the words, brackets and figures "Adjudicating Authority under sub-section (5) of section 21" shall be substituted;
(b)after the words "ninety days from the date of", the words "receipt of" shall be inserted.