Home Acts & Rules Money Laundering Rules Prevention of Money-Laundering (Taking Possession of Attached or Frozen Properties Confirmed By The Adjudicating Authority) Rules, 2013 This
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Rule 2 - Definitions - Prevention of Money-Laundering (Taking Possession of Attached or Frozen Properties Confirmed By The Adjudicating Authority) Rules, 2013Extract Definitions 2. (1) In these rules, unless the context otherwise requires,- (a) Act means the Prevention of Money-laundering Act, 2002 (15 of 2003); (b) Adjudicating Authority means an Adjudicating Authority appointed under sub-section (1) of section 6 of the Act; (c) attachment means prohibition of transfer, conversion, disposition or movement of property by an order issued under sub-section (1) of section 5 of the Act; (d) Authorized Officer means an officer authorized by the Director under sub-section (1) of section 5 of the Act; (e) Form means the Forms appended to these rules; (f) frozen means a record or property frozen under sub-section (1A) of section 17 of the Act; (g) order means an order made by the Adjudicating Authority under sub-section (3) of section 8 of the Act; and (h) section means a section of the Act. (2) All other words and expressions used and not defined in these rules, but defined in the Act, shall have the meaning respectively assigned to them in the Act.
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