notice has been issued to the effect that any money, bullion, jewellery or valuable article or thing, seized or requisitioned under section 132 or section ... Property Transactions Act, 1988 (45 of 1988) or the Prevention of Money-laundering Act, 2002 (15 of 2003) or the Black Money (Undisclosed Foreign Income
2017
punishable under Sections 3 and 4 of the Prevention of Money-Laundering
Act, 2002.
3. Grievance of the appellant is that against the impugned ... investigation allegedly showing the trail of money in the
name of companies and the money-laundering.
14. The appellant was interrogated by the respondent
constitutional validity of Section 45 of the Prevention of
Money Laundering Act, 2002. Section 45(1) imposes two
conditions for grant of bail where ... money and that we should, therefore,
be very slow to set at liberty persons who are alleged offenders
of the cancer of money laundering. Ultimately
Section 3 in The Prevention of Money-Laundering Act, 2002
3. Offence of money-laundering.
- Whosoever directly or indirectly attempts to indulge or knowingly assists ... untainted property shall be guilty of offence of money-laundering
Section 4 in The Prevention of Money-Laundering Act, 2002
4. Punishment for money-laundering.
- Whoever commits the offence of money-laundering shall be punishable ... Provided that where the proceeds of crime involved in money-laundering relates to any offence specified under paragraph 2 of Part A of the Schedule
Section 5 in The Prevention of Money-Laundering Act, 2002
5. Attachment of property involved in money-laundering.
- [(1) Where the Director or any other ... material in his possession, that if such property involved in money laundering is not attached immediately under this Chapter, the non-attachment of the property
Section 45 in The Prevention of Money-Laundering Act, 2002
45. Offences to be cognisable and non-bailable.
(1) [Notwithstanding anything contained in the Code ... either on his own or along with other co-accused of money-laundering a sum of less than one crore rupees] [Inserted by Finance
concerning validity and
interpretation of certain provisions of the Prevention of Money-
Laundering Act, 20021 and the procedure followed by the
1 For short, “PMLA ... PMLA,
the accused can either directly or indirectly commit money-
laundering if he is connected by way of any process or activity with
the proceeds
Section 2 in The Prevention of Money-Laundering Act, 2002
2. Definitions.
(1) In this Act, unless the context otherwise requires, (a) Adjudicating Authority means ... Member of the Appellate Tribunal and includes the Chairperson; (p) money-laundering has the meaning assigned to it in section 3; (q) non-banking financial
Income-tax Act, 1961, the Depositories Act, 1996, the Prevention of Money-Laundering Act, 2002, the Limited Liability Partnership Act, 2008 and the Companies
