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Core Purpose

Notification under Section 10 of the Prevention of Money-laundering Act, 2002 appointing Special Directors of the Directorate of Enforcement's Regional Offices as Administrators of confiscated property, superseding a 2012 notification.

Detailed Summary

By notification S.O. 3980(E) dated 12th September 2023, the Ministry of Finance (Department of Revenue), in exercise of powers under sub-section (1) of section 10 read with section 51 of the Prevention of Money-laundering Act, 2002 (15 of 2003), and in supersession of its earlier notification S.O. 2127(E) dated 10th September 2012 (except as respects things already done), appoints the ‘Special Directors’ of the Regional Offices of the Directorate of Enforcement as ‘Administrators’ to receive, manage and dispose of property confiscated under sub-section (5) or (7) of section 8, section 58B, or sub-section (2A) of section 60 of the Act, in terms of sub-sections (2) and (3) of section 10; the Administrators so appointed are to be governed by the provisions of the Act and the Prevention of Money-laundering (Receipt and Management of Confiscated Properties) Rules, 2005; the notification (F. No. K-11022/45/2023-Ad.ED-DOR) is signed by Rajeev Lochan, Under Secretary.

Full Text

5772 GI/202 3 (1) रजिस्ट्री सं. डी.एल.- 33004/99 REGD. No . D. L. -33004/99 EXTRAORDINARY PART II —Section 3 —Sub-section ( ii) PUBLISHED BY AUTHORITY No. 3818] NEW DELHI, TUES DAY , SEPTEMBER 12, 2023/ BHADRA 21, 1945 CG-DL-E-12092023-248654 MINISTRY OF FINANCE (Department of Revenue ) NOTIFICATION New Del hi, the 12th September, 2023 S.O. 3980 (E).—In exercise of the powers conferred by sub -section (1) of section 10 read with section 51 of the Prevention of Money -laundering Act, 2002 (15 of 2003) (herein after referred to as the said Act), and in supersessio n of the notification of the Government of India in the Ministry of F inance, Department of Revenue, published in the Gazette of India, Extraordinary, Part -II, section -3, sub -section (ii) vide number S.O. 2127(E), dated the 10th September, 2012, except as respects things done or omitted to be done before such supersession, t he Central Government hereby appoints 'Special Directors' of the Regional Offices of the Directorate of Enforcement as 'Administrators' to receive, manage and dispose the property confiscated under provisions of sub -section (5) or sub-section (7) of secti on 8 or section 58B or sub -section (2A) of section 60 of the said Act, in terms of sub - section (2) and sub -section (3) of section 10 of said Act. The Administrators so appointed shall be governed by the provisions of the said Act and the Prevention of Mon ey- laundering (Receipt and Management of Confiscated Properties) Rules, 2005. [F. No. K-11022/45/2023 -Ad.ED -DOR] RAJEEV LOCHA N, Under Secy . Uploaded by Dte. of Printing at Government of India Press, Ring R oad, M ayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

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