Rule 5 - Qualifications for appointment as Member - Prevention of Money Laundering (Appointment And Conditions of Service of Chairperson And Members of Appellate Tribunal) Rules, 2007

Qualifications for appointment as Member 5. (1) The Accountant Member will be from the following category:- A person who has been in the practice of accountancy as a Chartered Accountant under the Chartered Accountants Act, 1949 or as a registered accountant under any law for the time being in force or partly as a registered accountant and partly as a Chartered Accountant for at least ten years. (2) For the other Member, a person shall not be qualified for appointment unless he- (a) 1 [***] (b) has been a member of the Indian Legal Service and has held a post in Grade-I of that Service for at least three years; or (c) has been a member of the Indian Revenue Service and has held the post of Commissioner of Income-tax or equivalent post in that Service for at least three years; or (d) has been a member of the Indian Economic Service and has held the post of Joint Secretary or equivalent post in that Service for at least three years; or (e) has been a member of the Indian Customs and Central Excise Service and has held the post of Joint Secretary or equivalent post in that Service for at least three years; or (f) has been a member of the Indian Audit and Accounts Service and has held the post of Joint Secretary or equivalent post in that Service for at least three years. ----------------- Notes: 1. Omitted Vide Prevention of Money-Laundering Amendment Rules, 2009, w.e.f. 1-6-2009. Before it was read as: (a) is or has been a Judge of a High Court; or