This notification, G.S.R. 228(E), issued by the Ministry of Finance, Department of Revenue on March 31, 2020, introduces the Prevention of Moneylaundering Maintenance of Records Amendment Rules, 2020. These rules amend the Prevention of Moneylaundering Maintenance of Records Rules, 2005, in exercise of the powers conferred by section 73 read with section 11A and section 12AA of the Prevention of Money-laundering Act, 2002. Specifically, the amendment concerns clause (iii) to the proviso to sub-rule (5) of rule 9, inserting clause (iiia) to allow small accounts to remain operational between April 1, 2020, and June 30, 2020, and potentially other periods as notified by the Central Government, notwithstanding the original provisions of clause (iii). The notification is issued under F.No. P12011/18/2019-ES Cell-DOR and signed by Joint Secretary, Ritvik Pandey. The principal rules were published under G.S.R. 444(E) on July 1, 2005, and last amended under G.S.R. 840(E) on November 13, 2019.
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.
Prevention of Moneylaundering Maintenance of Records Rules, 2005: Rules established in 2005 related to the Prevention of Money Laundering Act, concerning the maintenance of records.
Prevention of Moneylaundering Maintenance of Records Amendment Rules, 2020: Amendments made in 2020 to the Prevention of Moneylaundering Maintenance of Records Rules, 2005.
Ministry of Finance: A ministry in the Government of India responsible for the finances of the country.
Department of Revenue: A department under the Ministry of Finance in the Government of India.
New Delhi: Capital of India and location of the notification.
Ritvik Pandey: Joint Secretary in the Ministry of Finance, Department of Revenue.
G.S.R. 228E: A notification number related to the rules published in the Gazette of India.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. NO. D. L.-33004/99
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सी.जी.-डी.एलxx.x-GअI.D-E3x1x0x 32020-218975
CG-DL-E-31032020-218975
असाधारण
EXTRAORDINARY
भाग II—खण्ड 3—उप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 178] नई ददल्ली, मगं लिार, माच च31, 2020/चत्रै 11, 1942
No. 178] NEW DELHI, TUESDAY, MARCH 31, 2020/CHAITRA 11, 1942
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
अजधसचू ना
नई ददल्ली, 31 माच,च 2020
सा.का.जन. 228(अ).—केन्द्रीय सरकार, धन-िोधन जनिारण अजधजनयम, 2002 (2003 का 15) की धारा 11 क और
धारा 12 क के साथ पठित धारा 73 द्वारा प्रदत्त िजियों का प्रयोग करते हुए, धन-िोधन जनिारण (अजभलेखों का अनरु क्षण)
जनयम, 2005 का और संिोधन करन े के जलए जनम्नजलजखत जनयम बनाती ह,ै अथाचत ् :-
1. (1) इन जनयमों का संजक्षप्त नाम धन-िोधन जनिारण (अजभलेखों का अनरु क्षण) संिोधन जनयम, 2020 ह।ै
(2) ये रािपत्र म ेंउनके प्रकािन की तारीख को प्रिृत्त होंगे।
2. धन-िोधन जनिारण (अजभलेखों का अनरु क्षण) जनयम, 2005 के जनयम 9 के उप-जनयम (5) के परंतुक के खंड (III) म,ें
जनम्नजलजखत खंड अंत: स्ट्थाजपत दकए िाएंग,े अथाचत:्-
(IIIक) खंड (III) म ें दकसी बात के होत े हुए भी, लघ ु खाता 1 अप्रैल, 2020 स े 30 िून, 2020 के बीच और ऐसी अन्द्य अिजधयां,
िो केन्द्रीय सरकार द्वारा अजधसूजचत की िाए,ं प्रचाजलत रहगे ा।
[फा. सं. पी-12011/18/2019-ई एस सेल-डी ओ आर]
ऋजविक पांडेय, संयुि सजचि
ठिप्पण : मूल जनयम भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खंड (i) म ें संखयांक सा.का.जन. 444(अ), तारीख
1 िुलाई, 2005 द्वारा प्रकाजित दकए गय े थ े और संखयांक सा.का.जन. 840(अ), तारीख 13 निम्बर, 2019 द्वारा
अंजतम संिोधन दकए गए थे।
1651 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 31st March, 2020
G.S.R. 228(E).—In exercise of the powers conferred by section 73 read with section 11A and section
12AA of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government hereby makes
the following rules further to amend the Prevention of Money-laundering (Maintenance of Records) Rules,
2005, namely:—
1. (1) These rules may be called the Prevention of Money-laundering (Maintenance of Records)
Amendment Rules, 2020.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, in clause (iii) to the
proviso to sub-rule (5) of rule 9, the following clause shall be inserted, namely:-
“(iiia) Notwithstanding anything contained in clause (iii), the small account shall remain operational
between 1st April, 2020 and 30th June 2020 and such other periods as may be notified by the Central
Government.”.
[F.No. P-12011/18/2019-ES Cell-DOR]
RITVIK PANDEY, Jt. Secy.
Note : The principal rules were published in Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)
vide number G.S.R. 444(E), dated the 1st July, 2005 and were last amended vide number
G.S.R. 840(E), dated the 13th November, 2019.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.