The Prevention of Money-Laundering Act, 2002
Chapter- I
Preliminary
Section 1 – Short title, extent and commencement.
Section 2 – Definitions.
Chapter- II
Offence of Money-Laundering
Section 3 – Offence of money-laundering.
Section 4 – Punishment for money-laundering.
Chapter- III
Attachment, Adjudication and Confiscation
Section 5 – Attachment of property involved in money-laundering.
Section 6 – Adjudicating authorities, composition, powers, etc.
Section 7 – Staff of Adjudicating Authorities.
Section 8 – Adjudication.
Section 9 – Vesting of property in Central Government.
Section 10 – Management of properties confiscated under this Chapter.
Section 11 – Power regarding summons, production of documents and evidence, etc.
Chapter- IV
Obligations of Banking Companies, Financial Institutions and Intermediaries
Section 11A – Verification of identity by reporting entity
Section 12 – Reporting entity to maintain records.
Section 12A – Access to information.
Section 12AA – Enhanced due diligence
Section 13 – Powers of director to impose fine.
Section 14 – No civil or criminal proceedings against reporting entity, its directors and employees in certain cases.
Section 15 – Procedure and manner of furnishing information by reporting entities.
Chapter- V
Summons, Searches and Seizures, Etc.
Section 16 – Power of survey.
Section 17 – Search and seizure.
Section 18 – Search of persons.
Section 19 – Power to arrest.
Section 20 – Retention of property.
Section 21 – Retention of records.
Section 22 – Presumption as to records or property in certain cases.
Section 23 – Presumption in inter-connected transactions.
Section 24 – Burden of proof.
Chapter- VI
Appellate Tribunal
Section 25 – Appellate Tribunal.
Section 26 – Appeals to Appellate Tribunal.
Section 27 – Omitted
Section 28 – Omitted
Section 29 – Omitted
Section 30 – Omitted
Section 31 – Omitted
Section 32 – Omitted
Section 33 – Omitted
Section 34 – Omitted
Section 35 – Procedure and powers of Appellate Tribunal.
Section 36 – Distribution of business amongst Benches.
Section 37 – Power of Chairman to transfer cases.
Section 38 – Decision to be by majority.
Section 39 – Right of appellant to take assistance of authorized representative and of Government to appoint presenting officers.
Section 40 – Members, etc., to be public servants.
Section 41 – Civil court not to have jurisdiction.
Section 42 – Appeal to High Court.
Chapter- VII
Special Courts
Section 43 – Special Courts.
Section 44 – Offences triable by Special Courts.
Section 45 – Offences to be cognizable and non-bailable.
Section 46 – Application of Code of Criminal Procedure, 1973 to proceedings before Special Court.
Section 47 – Appeal and revision.
Chapter- VIII
Authorities
Section 48 – Authorities under Act.
Section 49 – Appointment and powers of authorities and other officers.
Section 50 – Powers of authorities regarding summons, production of documents and to give evidence, etc.
Section 51 – Jurisdiction of authorities.
Section 52 – Power of Central Government to issue directions, etc.
Section 53 – Empowerment of certain officers.
Section 54 – Certain officers to assist in inquiry, etc.
Chapter- IX
Reciprocal Arrangement for Assistance in Certain Matters and Procedure for Attachment and Confiscation of Property
Section 55 – Definitions.
Section 56 – Agreements with foreign countries.
Section 57 – Letter of request to a contracting State in certain cases.
Section 58 – Assistance to a contracting State in certain cases.
Section 58A – Special Court to release the property.
Section 58B – Letter of request of a contracting State or authority for confiscation or release the property.
Section 59 – Reciprocal arrangements for processes and assistance for transfer of accused persons.
Section 60 – Attachment, seizure and confiscation, etc., of property in a contracting State or India.
Section 61 – Procedure in respect of letter of request.
Chapter- X
Miscellaneous
Section 62 – Punishment for vexatious search.
Section 63 – Punishment for false information or failure to give information, etc.
Section 64 – Cognizance of offences.
Section 65 – Code of Criminal Procedure, 1973 to apply.
Section 66 – Disclosure of information.
Section 67 – Bar of suits in civil courts.
Section 68 – Notice, etc., not to be invalid on certain grounds.
Section 69 – Recovery of fine or penalty.
Section 70 – Offences by companies.
Section 71 – Act to have overriding effect.
Section 72 – Continuation of proceedings in the event of death or insolvency.
Section 72A – Inter-ministerial Co-ordination Committee
Section 73 – Power to make rules.
Section 74 – Rules to be laid before Parliament.
Section 75 – Power to remove difficulties.
The Schedule
Schedule – THE SCHEDULE – OFFENCES UNDER THE INDIAN PENAL CODE (45 OF 1860)
