Section 14, Prevention of Money Laundering Act, 2003 [S21-HV2]
As at 7 September 2026. In force from 1 March 2004 by S.O. 113(E) [N12-BVH].
14. Power to make rules.—(1) The Central Government may, by notification in the Official Gazette, make rules for carrying out the provisions of this Act. (2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely:— (a) the form of the application and the form of the certificate of registration under section 4; (b) the conditions subject to which a licence may be granted under section 6; (c) the records and registers to be maintained and the returns to be furnished under section 7; (d) the form of the appeal and the fee payable therefor under section 11; (e) any other matter which is required to be, or may be, prescribed. (3) Every rule made under this Act shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.
Defined terms in this text (2)
notification: Section 2, Prevention of Money Laundering Act, 2003 [S21HFF] (In this Act, unless the context otherwise requires,—): "notification" means a notification published in the Official Gazette
notification: 996 more definitions.
prescribed: Section 2, Prevention of Money Laundering Act, 2003 [S21HFF] (In this Act, unless the context otherwise requires,—): "prescribed" means prescribed by rules made under this Act
prescribed: 996 more definitions.
Made under this section, or naming it (2)
Prevention of Money Laundering (Manner of Application) (Amendment) Rules, 2024 [R11-ZQQ], 13 July 2024, in force. Recital: "In exercise of the powers conferred by section 14 of the Prevention of Money Laundering Act, 2003 (15 of 2003), the Central Government hereby makes the following rules further to amend the Prevention of Money Laundering Rules, namely:"
Prevention of Money Laundering (Appeals) Scheme, 2019 [R11-GZY], 17 July 2019, in force. Recital: "In exercise of the powers conferred by section 14 of the Prevention of Money Laundering Act, 2003 (15 of 2003), the Central Government hereby frames the following Scheme, namely:"
Cited by (2)
Section Preamble, Prevention of Money Laundering (Manner of Application) (Amendment) Rules, 2024, 13 July 2024, Band A. "section 14 of the Prevention of Money Laundering Act, 2003 (15 of 2003)".
Section 3, Prevention of Money Laundering Act, 2003 [S21-HGM], 23 September 2003, Band A. "section 14".
Not held (0)
none
Duties published under this section (0)
none