# The Finance Act, 2019 (No. 2), Section 201: Insertion of new section 72A

- Act: The Finance Act, 2019 (No. 2)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2019-no-2/section/201/

## Text

Insertion of new section 72A 201. After section 72 of the principal Act, the following section shall be inserted, namely:— "72A. Interministerial Co-ordination Committee.—The Central Government may, by notification, constitute an Inter-ministerial Co-ordination Committee for inter-departmental and inter-agency co-ordination for the following purposes, namely:— (a) | operational co-operation between the Government, law enforcement agencies, the Financial Intelligence Unit, India and the regulators or supervisors; (b) | policy co-operation and co-ordination across all relevant or competent authorities; (c) | such consultation among the concerned authorities, the financial sector and other sectors, as are appropriate, and are related to anti money-laundering or countering the financing of terrorism laws, regulations and guidelines; (d) | development and implementing policies on anti money-laundering or countering the financing of terrorism; and (e) | any other matter as the Central Government may, by notification, specify in this behalf.".

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