Section 55 RECIPROCAL ARRANGEMENT FOR ASSISTANCE IN CERTAIN MATTERS AND PROCEDURE FOR ATTACHMENT AND CONFISCATION OF PROPERTY Definitions. of Prevention of Money Laundering Act (PMLA), 2002

RECIPROCAL ARRANGEMENT FOR ASSISTANCE IN CERTAIN MATTERS AND PROCEDURE FOR ATTACHMENT AND CONFISCATION OF PROPERTY

Definitions.

55. In this Chapter, unless the context otherwise requires,—

(a)        “contracting State” means any country or place outside India in respect of which arrangements have been made by the Central Government with the Government of such country through a treaty or otherwise;

(b)        “identifying” includes establishment of a proof that the property was derived from, or used in the commission of an offence under section 3;

(c)        “tracing” means determining the nature, source, disposition, movement, title or ownership of property.

Analysis by Experts

No explanations yet!!! Please, Login to provide explanation for this section.

Never File Wrong GSTR-1

Check your GST numbers in bulk. Check unlimited GST numbers with very cheap packages.

Used by
Browse all sections of Prevention of Money Laundering Act (PMLA), 2002
Ask Question