Ministry of Finance (Department of Revenue) vide notification / Gazette id No.
CG-DL-E-16042020-219065 and G.S.R. 254(E) issued and publish dated
16th April, 2020, has published the Prevention of Money-laundering (Maintenance
of Records) Third Amendment Rules, 2020 in exercise of the powers conferred by
section 73 read with section 11A and section 12AA of the Prevention of
Money-laundering Act, 2002.
They shall come into force on the date of their publication in the Official
Gazette, i.e. 16th April, 2020.
Why This Amendment?
- to amend the Prevention of Money-laundering (Maintenance of Records)
Change via this amendment
In rule 8 of the Prevention of Money Laundering (Maintenance of Records) Rules,
2005, in sub-rule (5), for the words “specified therein” the following words,
brackets, letters and figure shall be substituted: -
“in respect of transactions referred to in clauses (A), (B), (BA), (C) and (E)
of sub rule (1) of rule 3 for the months of March 2020, April 2020 and May 2020,
and in respect of transactions referred to in clauses (F) of sub rule (1) of
rule 3 for the quarter January-March 2020”
- Read full notification / gazette at: http://egazette.nic.in/WriteReadData/2020/219065.pdf
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