[58A. Special Court to release the property.--Where on closure of the criminal case or conclusion of a trial in a criminal court outside India under the corresponding law of any other country, such court finds that the offence of money-laundering has not taken place or the property in India is not involved in money-laundering, the Special Court may, on an application moved by the concerned person or the Director, after notice to the other party, order release of such property to the person entitled to receive it.]
Section 58A: Special Court to release the property.
The Prevention of Money-Laundering Act, 2002Central Act · Act 15 of 2003
Where this provision sits
| Act | The Prevention of Money-Laundering Act, 2002 |
|---|---|
| Section | 58A |
| Marginal note | Special Court to release the property. |
| Jurisdiction | Central |
| Status | In force as published by the source |
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
- inserted, Act 2 of 2013. . Ins. by Act 2 of 2013, s. 24 (w.e.f. 15-2-2013).
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