Appointment of Administrator under Section 10 of PMLA, 2002
Appointment of Administrator under Section 10 of PMLA, 2002
S.O. 3980(E).—In exercise of the powers conferred by sub-section (1) of section 10 read with section 51 of the Prevention of Money-laundering Act, 2002 (15 of 2003) (herein after referred to as the said Act), and in supersession of the notification of the Government of India in the Ministry of Finance, Department of Revenue, published in the Gazette of India, Extraordinary, Part-II, section-3, sub-section (ii) vide number S.O. 2127(E), dated the 10th September, 2012, except as respects things done or omitted to be done before such supersession, the Central Government hereby appoints ‘Special Directors’ of the Regional Offices of the Directorate of Enforcement as ‘Administrators’ to receive, manage and dispose the property confiscated under provisions of sub-section (5) or sub-section (7) of section 8 or section 58B or sub-section (2A) of section 60 of the said Act, in terms of sub- section (2) and sub-section (3) of section 10 of said Act. The Administrators so appointed shall be governed by the provisions of the said Act and the Prevention of Money- laundering (Receipt and Management of Confiscated Properties) Rules, 2005.
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