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 54: Certain officers to assist in inquiry etc.
    The following 1[officers and others] are hereby empowered and required to assist the authorities in the enforcement of this Act, namely:--
         (a) officers of the Customs and Central Excise Departments;
         (b) officers appointed under sub-section (1) of section 5 of the Narcotic Drugs and Psychotropic Substances Act, 1985 (61 of 1985);
         (c) income-tax authorities under sub-section (1) of section 117 of the Income-tax Act, 1961 (43 of 1961);
         2[(d) members of the recognised stock exchange referred to in clause (f) of section 2 and the officers of the stock exchanges recognised under section 4 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956);]
         (e) officers of the Reserve Bank of India constituted under sub-section (1) of section 3 of the Reserve Bank of India Act, 1934 (2 of 1934);
         (f) officers of Police;
         (g) officers of enforcement appointed under sub-section (1) of section 36 of the Foreign Exchange Management Act, 1999 (40 of 1999);
         (h) officers of the Securities and Exchange Board of India established under section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992);
         3[(ha) officers of the Insurance Regulatory and Development Authority established under section 3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999);
         (hb) officers of the Forward Markets Commission established under section 3 of the Forward Contracts (Regulation) Act, 1952 (74 of 1952);
         (hc) officers and members of the recognised association recognised under section 6 of the Forward Contracts (Regulation) Act, 1952 (74 of 1952);
         (hd) officers of the Pension Fund Regulatory and Development Authority;
     (he) officers of the Department of Posts in the Government of India;
         (hf) Registrars or Sub-Registrars appointed by the State Governments under section 6 of the Registration Act, 1908 (16 of 1908);
         (hg) registering authority empowered to register motor vehicles under Chapter IV of the Motor Vehicles Act, 1988 (59 of 1988);
         (hh) officers and members of the Institute of Chartered Accountants of India constituted under section 3 of the Chartered Accountants Act, 1949 (38 of 1949);
         (hi) officers and members of the Institute of Cost and Works Accountants of India constituted under section 3 of the Cost and Works Accountants Act, 1959 (23 of 1959);
         (hj) officers and members of the Institute of Company Secretaries of India constituted under section 3 of the Company Secretaries Act, 1980 (56 of 1980);]
         (i) officers of any other body corporate constituted or established under a Central Act or a State Act;
         (j) such other officers of the Central Government, State Government, local authorities or 4[reporting entities] as the Central Government may, by notification, specify, in this behalf.
Notes:
1. Subs. by Act 2 of 2013, s. 23 for "officers" (w.e.f. 15-2-2013).
2. Subs. by s. 23, ibid., for clause (d) (w.e.f. 15-2-2013).
3. Ins. by s. 23, ibid. (w.e.f. 15-2-2013).
4. Subs. by Act 2 of 2013, s. 23, for "banking companies" (w.e.f. 15-2-2013).
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