{"act":{"id":"finance-act-2019-no-1","short_title":"The Finance Act, 2019 (No. 1)","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2019-2020.","act_number":null,"act_year":2019,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":22,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2019-no-1/"},"unit":"section","section":{"number":"22","heading":"Amendment of section 8 of Act 15 of 2003","text":"PART II AMENDMENT TO THE PREVENTION OF MONEY-LAUNDERING ACT, 2002 Amendment of section 8 of Act 15 of 2003 22. In section 8 of the Prevention of Money-laundering Act, 2002, in sub-section (3), with effect from such date as the Central Government may, by notification in the Official Gazette, appoint,— (i) | in clause (a), for the words \"ninety days\", the words \"three hundred and sixty-five days\" shall be substituted; (ii) | after clause (b), the following Explanation shall be inserted, namely:— \"Explanation.—For the purposes of computing the period of three hundred and sixty-five days under clause (a), the period during which the investigation is stayed by any court under any law for the time being in force shall be excluded.\".","html":"<p>PART II</p><p>AMENDMENT TO THE PREVENTION OF MONEY-LAUNDERING ACT, 2002</p><p><b>Amendment of section 8 of Act 15 of 2003</b></p><p><b>22. </b>In section 8 of the Prevention of Money-laundering Act, 2002, in sub-section (3), with effect from such date as the Central Government may, by notification in the Official Gazette, appoint,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>in clause (<i>a</i>), for the words \"ninety days\", the words \"three hundred and sixty-five days\" shall be substituted;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>after clause (<i>b</i>), the following <i>Explanation </i>shall be inserted, namely:—</td></tr><tr><td></td><td></td><td>\"<i>Explanation</i>.—For the purposes of computing the period of three hundred and sixty-five days under clause (<i>a</i>), the period during which the investigation is stayed by any court under any law for the time being in force shall be excluded.\".</td></tr></table></div>","words":121,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2019-no-1/section/22/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}