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Section208
The Finance Act, 2018

Amendments of Act 15 of 2003

In force Act 13 of 2018 As on 10 Oct 2026

Act 13 of 2018 Ministry Finance

Section 208 of the Finance Act, 2018 deals with amendments of Act 15 of 2003. Amendments of Act 15 of 2003 208. In the Prevention of Money-laundering Act, 2002,— (a) | in section 2, in sub-section (1), in clause (u), after the words "within the country", the words "or abroad" shall be inserted;

Amendments of Act 15 of 2003

208. In the Prevention of Money-laundering Act, 2002,—

(a)in section 2, in sub-section (1), in clause (u), after the words "within the country", the words "or abroad" shall be inserted;
(b)in section 5,—
(i)in sub-section (1), after the second proviso, the following proviso shall be inserted, namely:—
"Provided also that for the purposes of computing the period of one hundred and eighty days, the period during which the proceedings under this section is stayed by the High Court, shall be excluded and a further period not exceeding thirty days from the date of order of vacation of such stay order shall be counted.'';
(ii)in sub-section (3), for the word, brackets and figure ''sub-section (2)", the word, brackets and figure "sub-section (3)" shall be substituted;
(c)in section 8,—
(i)in sub-section (3), in clause (a), after the words "continue during", the words "investigation for a period not exceeding ninety days or" shall be inserted;
(ii)in sub-section (8), after the proviso, the following proviso shall be inserted, namely:—
"Provided further that the Special Court may, if it thinks fit, consider the claim of the claimant for the purposes of restoration of such properties during the trial of the case in such manner as may be prescribed.";
(d)in section 19, in sub-section (3),—
(i)after the words "be taken to a", the words "Special Court or" shall be inserted;
(ii)in the proviso, after the words "from the place of arrest to the", the words "Special Court or" shall be inserted;
(e)in section 45, in sub-section (1), —
(i)for the words "punishable for a term of imprisonment of more than three years under Part A of the Schedule", the words "under this Act" shall be substituted;
(ii)in the proviso, after the words "sick and infirm,", the words "or is accused either on his own or along with other co-accused of money-laundering a sum of less than one crore rupees" shall be inserted;
(f)in section 50, in sub-section (5), in the proviso, in clause (b), for the word "Director", the words "Joint Director" shall be substituted;
(g)section 66 shall be numbered as sub-section (1) thereof, and after sub-section (1) as so numbered, the following sub-section shall be inserted, namely:—
"(2) If the Director or other authority specified under sub-section (1) is of the opinion, on the basis of information or material in his possession, that the provisions of any other law for the time being in force are contravened, then the Director or such other authority shall share the information with the concerned agency for necessary action.";
(h)in the Schedule, in Part A, after Paragraph 28, the following Paragraph shall be inserted, namely:—

"PARAGRAPH 29

OFFENCE UNDER THE COMPANIES ACT, 2013 (18 OF 2013)

SectionDescription of offence
447Punishment for fraud.".
Section 208, The Finance Act, 2018 (Act 13 of 2018).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 2 Income-tax
  2. s. 5 Amendment of section 10
  3. s. 8 Amendment of section 17
  4. s. 19 Amendment of section 49
  5. s. 45 Amendment of section 140
  6. s. 50 Amendment of section 245-O
  7. s. 66 Amendment of section 28F

Questions about Section 208

What does Section 208 of the Finance Act deal with?

Section 208 of the Finance Act is headed "Amendments of Act 15 of 2003". Amendments of Act 15 of 2003 208. In the Prevention of Money-laundering Act, 2002,— (a) | in section 2, in sub-section (1), in clause (u), after the words "within the country", the words "or abroad" shall be inserted;

How do I find court cases under Section 208 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2018 208, section 208 Finance Act 2018, section 208 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 208 of the Finance Act, and has it changed?

Its own text turns on section 2 (Income-tax), section 5 (Amendment of section 10), section 8 (Amendment of section 17), section 19 (Amendment of section 49), and on 3 further provisions, so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2018 as Act 13 of 2018. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. 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. This page is not a substitute for legal advice.