Section 45 the Prevention of Money- Laundering Act,with Case Law 2002
Certainly! Here’s a detailed explanation of Section 45 of the Prevention of Money Laundering Act, 2002 (PMLA):
Section 45 — Power to Make Rules
🧾 Text Summary:
Section 45 empowers the Central Government to make rules for carrying out the purposes of the PMLA.
The rules made under this section must be laid before each House of Parliament.
These rules help in regulating the procedure and enforcement aspects of the Act.
This section provides the government with the flexibility to frame detailed procedural and administrative rules as needed.
✅ Key Features:
| Feature | Description |
|---|---|
| Authority | Central Government |
| Scope | Make rules for effective implementation of PMLA |
| Parliamentary Oversight | Rules must be laid before both Houses of Parliament |
| Purpose | To regulate procedures, enforcement, and other matters as required under the Act |
⚖️ Case Law:
There are no significant Supreme Court judgments specifically on Section 45, but its importance lies in providing the government with necessary rule-making power to operationalize the Act.
📘 Related Provisions:
| Section | Subject |
|---|---|
| Section 46 | Power to remove difficulties |
| Section 47 | Repeal and saving |
| Section 3 | Offence of money laundering |
| Section 15 | Attachment of property involved in money laundering |
✅ Summary:
Section 45 empowers the Central Government to frame rules to implement the Prevention of Money Laundering Act effectively. It ensures that the government can create detailed regulations for various procedural and administrative aspects, subject to parliamentary scrutiny.
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