Act Number: 15

Act Name: The Prevention of Money-Laundering Act, 2002

Year: 2003

Enactment Date: 2003-01-17

Long Title: An Act to prevent money-laundering and to provide for confiscation of property derived from, or involved in, money-laundering and for matters connected therewith or incidental thereto.

Ministry: Ministry of Finance

Department: Department of Revenue

Section 49: Appointment and powers of authorities and other officers.
    (1) The Central Government may appoint such persons as it thinks fit to be authorities for the purposes of this Act.
     (2) Without prejudice to the provisions of sub-section (1), the Central Government may authorise the Director or an Additional Director or a Joint Director or a Deputy Director or an Assistant Director appointed under that sub-section to appoint other authorities below the rank of an Assistant Director.
     (3) Subject to such conditions and limitations as the Central Government may impose, an authority may exercise the powers and discharge the duties conferred or imposed on it under this Act.
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