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PMLA Act - Threadbare Analysis!

PMLA Act - Threadbare Analysis!

by Taxsutra
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Course Expiry: 1 Month
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Episode Duration:
120 minutes

Episode Background:
Over the last few years, one would have noticed an unmistakable trend of Government turning the heat when it comes to economic crimes and economic crime offenders. From CBI to Enforcement Directorate to SFIO to the State level Economic Offences Wing of the Police, not only individuals but even corporate houses have come under the scanner of these investigating agencies. One of the buzz words today in the world of economic crimes is "money laundering". 

'The Prevention of Money Laundering Act' (PMLA), 2002 was enacted in India in January, 2003, and the said Act along with the Rules framed thereunder have come into force with effect from 1st July, 2005. The PMLA Act seeks to combat the menace of money laundering in India and has three main objectives, (i) to prevent and control money laundering; (ii) to confiscate and seize the property obtained from the laundered money; and (iii) to deal with any other issue connected with money laundering in India.

What shall the episode cover?
In this regard, Taxsutra is glad to present a special episode on “PMLA,2002 – Government’s Magic Wand against Launderers of Illegal Money?” in association with premier law firm “Vaish Associates”. In this episode, Advocate Kavita Jha [Partner, Vaish Associates] has analysed the basic concepts and principles under the PMLA, while also touched upon several aspects/concepts dealing with money laundering cases, few of which are outlined as below:

  • Investigation, Arrest and Bail under PMLA
  • Adjudication under PMLA
  • Attachment and Confiscation of Property
  • Recent Case Laws / case studies
  • Interplay of PMLA with other laws including Black Money Act, 2015, Insolvency and Bankruptcy Code, etc.

The session has also witnessed a special address by eminent  lawyer, Sr. Adv. Kapil Sibal, who has shared his experiences while dealing with money laundering cases.

Categories: Economic Offence Laws, Legal Battlefield, e-Learning
Publisher: Taxsutra
About Publisher:

Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.

Taxsutra suite of portals : 

1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law 
6.  Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)

Author: Taxsutra

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Overall Rating
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About Course:

Episode Duration:
120 minutes

Episode Background:
Over the last few years, one would have noticed an unmistakable trend of Government turning the heat when it comes to economic crimes and economic crime offenders. From CBI to Enforcement Directorate to SFIO to the State level Economic Offences Wing of the Police, not only individuals but even corporate houses have come under the scanner of these investigating agencies. One of the buzz words today in the world of economic crimes is "money laundering". 

'The Prevention of Money Laundering Act' (PMLA), 2002 was enacted in India in January, 2003, and the said Act along with the Rules framed thereunder have come into force with effect from 1st July, 2005. The PMLA Act seeks to combat the menace of money laundering in India and has three main objectives, (i) to prevent and control money laundering; (ii) to confiscate and seize the property obtained from the laundered money; and (iii) to deal with any other issue connected with money laundering in India.

What shall the episode cover?
In this regard, Taxsutra is glad to present a special episode on “PMLA,2002 – Government’s Magic Wand against Launderers of Illegal Money?” in association with premier law firm “Vaish Associates”. In this episode, Advocate Kavita Jha [Partner, Vaish Associates] has analysed the basic concepts and principles under the PMLA, while also touched upon several aspects/concepts dealing with money laundering cases, few of which are outlined as below:

  • Investigation, Arrest and Bail under PMLA
  • Adjudication under PMLA
  • Attachment and Confiscation of Property
  • Recent Case Laws / case studies
  • Interplay of PMLA with other laws including Black Money Act, 2015, Insolvency and Bankruptcy Code, etc.

The session has also witnessed a special address by eminent  lawyer, Sr. Adv. Kapil Sibal, who has shared his experiences while dealing with money laundering cases.

Categories: Economic Offence Laws, Legal Battlefield, e-Learning
Publisher: Taxsutra
About Publisher:

Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.

Taxsutra suite of portals : 

1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law 
6.  Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)

Author: Taxsutra

Similar Books

Ratings and Reviews

Overall Rating
Review
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