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Section 58B: Letter of request of a contracting State or authority for confiscation or release the property.

The Prevention of Money-Laundering Act, 2002Central Act · Act 15 of 2003

[58B. Letter of request of a contracting State or authority for confiscation or release the property.--Where the trial under the corresponding law of any other country cannot be conducted by reason of the death of the accused or the accused being declared a proclaimed offender or for any other reason or having commenced but could not be concluded, the Central Government shall, on receipt of a letter of request from a court or authority in a contracting State requesting for confiscation or release of property, as the case may be, forward the same to the Director to move an application before the Special Court and upon such application the Special Court shall pass appropriate orders regarding confiscation or release of such property involved in the offence of money-laundering.]

Where this provision sits

ActThe Prevention of Money-Laundering Act, 2002
Section58B
Marginal noteLetter of request of a contracting State or authority for confiscation or release the property.
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it1

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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