Home India Ministry of Finance In exercise of the powers conferred by clause ii of sub sect...
Date: 2018-05-08 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by clause ii of sub section I of section

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

This notification, G.S.R. 437(E), issued by the Ministry of Finance, Department of Revenue, on May 8, 2018, amends a previous notification, G.S.R. 381(E), dated June 27, 2006, related to the Prevention of Money-laundering Act, 2002. The amendment, made under the powers conferred by clause (ii) of subsection (1) of section 66 of the Act, adds the "National Technical Research Organisation" to the list of entities specified in the original notification. This change is deemed necessary in the public interest by the Central Government. The notification is issued under F. No. P.1201122009-ES Cell-DOR and signed by Biplab Kumar Naskar, Under Secretary. The principal notification, G.S.R. 381(E), has been previously amended through notifications G.S.R. 929(E) (December 29, 2009), G.S.R. 763(E) (September 15, 2010), G.S.R. 957(E) (December 7, 2010), G.S.R. 735(E) (October 1, 2012), G.S.R. 30(E) (January 17, 2014), G.S.R. 564(E) (August 6, 2014), G.S.R. 970(E) (December 15, 2015), and G.S.R. 136(E) (February 17, 2017).

Key Entities Referenced

Prevention of Moneylaundering Act, 2002: An Act of the Parliament of India to prevent money-laundering and to provide for confiscation of property derived from, or involved in, money-laundering. Ministry of Finance: A ministry in the Government of India responsible for the country's finances. Department of Revenue: A department under the Ministry of Finance, Government of India. New Delhi: The capital of India, where the notification was issued. Central Government: The executive authority of the Republic of India. National Technical Research Organisation: An Indian government organisation that is responsible for technical intelligence. Biplab Kumar Naskar: Under Secretary in the Department of Revenue, Ministry of Finance. Gazette of India: A public journal and an authorized legal document of the Government of India, published weekly by the Department of Publication.
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