The document is a summary of the Money Laundering Prevention Act of 2012 in Bangladesh. It defines key terms related to money laundering such as proceeds of crime, predicate offense, and suspicious transactions. It outlines reporting requirements for financial institutions and gives investigation and enforcement powers to agencies such as the Anti-Corruption Commission. Penalties for money laundering and related offenses include imprisonment, fines, and property confiscation. The act also describes international cooperation measures between Bangladesh and other countries.
The Specific Relief of Act 1877
The Law of Limitation Act, 1908
ARNAB KUMAR DAS
Port City International University,
Chittagong, Bangladesh.
SID: LLB 00305037
Criminal Procedure Code 1898, { Arrest -Warrant and Mode of Production}ShahMuhammad55
There are 6 modes for producing an accused person before a court of law according to Indian criminal procedure: summons, warrant, warrant in lieu of summons, proclamation of an absconder, attachment of property, and bond for appearance. A warrant of arrest is a written order issued by a magistrate directing a peace officer to arrest an accused person. It must be in writing, identify the accused, specify the offense, be signed by the magistrate, and bear the name and designation of the person to whom it is directed. There are two types of arrest warrants under criminal procedure: bailable and non-bailable. A bailable warrant allows the accused to post bond for release while a non-bailable warrant is used
Attestation under Transfer of Property Act, 1882.
Meaning, example, meaning under section 3 of transfer of property act, Essentials of a valid attestation, Attesting witness, registrar as attesting witness, mode of attestation, legal effect of attestation, party interested in the transaction.
This document discusses the formulation of problems regarding banks and banking law. It defines banks, lists their main functions and types. It also defines banking law and discusses some key principles of banking law, including economic democracy, trust, confidentiality and prudence. Finally, it outlines the main sources of funding for banks, which include their own capital, funds raised from the public, and funds sourced from other agencies.
The SARFAESI Act allows banks to auction residential and commercial property to recover loans from borrowers who have defaulted on repayments. It aims to help banks reduce non-performing assets. Banks can seize collateral like land for secured loans without court intervention. The Act provides three methods for asset recovery - securitization, asset reconstruction, and enforcement of security interests. It established regulations for securitization companies and allows borrowers to appeal repossession decisions in Debt Recovery Tribunals.
This document discusses various provisions related to bail and bonds under the Indian Code of Criminal Procedure. It covers sections 436-450 which outline when bail can be granted, the process for obtaining bail, conditions that can be imposed, grounds and procedures for cancellation of bail. Key points include that bail is to be granted as a matter of right for bailable offenses, courts have discretion to grant bail for non-bailable offenses subject to conditions, and provisions for anticipatory bail, bail amounts, sureties, cancellation, and appeal processes. Guidance from court judgments is also provided.
The Specific Relief of Act 1877
The Law of Limitation Act, 1908
ARNAB KUMAR DAS
Port City International University,
Chittagong, Bangladesh.
SID: LLB 00305037
Criminal Procedure Code 1898, { Arrest -Warrant and Mode of Production}ShahMuhammad55
There are 6 modes for producing an accused person before a court of law according to Indian criminal procedure: summons, warrant, warrant in lieu of summons, proclamation of an absconder, attachment of property, and bond for appearance. A warrant of arrest is a written order issued by a magistrate directing a peace officer to arrest an accused person. It must be in writing, identify the accused, specify the offense, be signed by the magistrate, and bear the name and designation of the person to whom it is directed. There are two types of arrest warrants under criminal procedure: bailable and non-bailable. A bailable warrant allows the accused to post bond for release while a non-bailable warrant is used
Attestation under Transfer of Property Act, 1882.
Meaning, example, meaning under section 3 of transfer of property act, Essentials of a valid attestation, Attesting witness, registrar as attesting witness, mode of attestation, legal effect of attestation, party interested in the transaction.
This document discusses the formulation of problems regarding banks and banking law. It defines banks, lists their main functions and types. It also defines banking law and discusses some key principles of banking law, including economic democracy, trust, confidentiality and prudence. Finally, it outlines the main sources of funding for banks, which include their own capital, funds raised from the public, and funds sourced from other agencies.
The SARFAESI Act allows banks to auction residential and commercial property to recover loans from borrowers who have defaulted on repayments. It aims to help banks reduce non-performing assets. Banks can seize collateral like land for secured loans without court intervention. The Act provides three methods for asset recovery - securitization, asset reconstruction, and enforcement of security interests. It established regulations for securitization companies and allows borrowers to appeal repossession decisions in Debt Recovery Tribunals.
This document discusses various provisions related to bail and bonds under the Indian Code of Criminal Procedure. It covers sections 436-450 which outline when bail can be granted, the process for obtaining bail, conditions that can be imposed, grounds and procedures for cancellation of bail. Key points include that bail is to be granted as a matter of right for bailable offenses, courts have discretion to grant bail for non-bailable offenses subject to conditions, and provisions for anticipatory bail, bail amounts, sureties, cancellation, and appeal processes. Guidance from court judgments is also provided.
Principles of Trust: Classification and CreationPreeti Sikder
Learning Outcome:
Students will :
-be informed about the major divisions among the concept of trust
-learn about the basic legal conditions a trust has to fulfill under Trusts Act, 1882
This document discusses the right to bail in Bangladeshi law. It defines bail as the release of a person charged with an offence upon signing an undertaking to appear in court. Bail can be granted for bailable offences by police or courts and is meant to balance the accused's liberty with ensuring their appearance at trial. The document outlines the categories of offences, conditions for granting bail, relevant authorities, and roles of police, prosecutors and judges. It also discusses cancellation of bail and reforms needed in the bail system.
Bail is the release of an accused person from custody, on the condition that they will return for their trial or other legal proceedings. The purpose of bail is to ensure the presence of the accused at trial while also protecting their liberty prior to being proven guilty. Bail laws originated in ancient times and are now codified in the Indian Criminal Procedure Code. Bail can be granted for bailable offenses with sentences under 3 years or fines only. For more serious non-bailable offenses, courts consider various factors like evidence and witness tampering risk when deciding bail. The process involves applying to the court and potentially depositing an amount until the trial. Grant of bail is mandatory in certain circumstances like incomplete investigations or if the accused is
The Specific Relief of Act 1877
The Law of Limitation Act, 1908
ARNAB KUMAR DAS
Port City International University,
Chittagong, Bangladesh.
SID: LLB 00305037
The document summarizes the key provisions around temporary injunctions and interlocutory orders under Order 39 of the Code of Civil Procedure, 1908 in India. It discusses the grounds for granting temporary injunctions under Rules 1 and 2 to maintain the status quo during legal proceedings. It also outlines the procedures under Rules 3 and 3A, consequences for disobedience under Rule 2A, discharge or variation of orders under Rule 4, and provisions for interim sale, detention of subject matter, immediate possession, and deposit in court under Rules 6 to 10. The purpose is to provide interim relief and protect suits from becoming infructuous pending final disposal.
The document discusses the provisions related to commissions under the Code of Civil Procedure (CPC) in Bangladesh. It summarizes the key powers of courts to issue commissions, the purposes for which commissions can be issued (e.g. to examine witnesses or conduct a local investigation), and the procedures involved as outlined in Order 26 of the CPC. These include rules regarding who can be examined via commission, the process for commissioners to conduct investigations and submit reports, and the evidentiary value of commissioners' reports.
The document discusses key Indian banking laws and regulations. It outlines the Banking Regulation Act of 1949 and the Reserve Bank of India Act of 1934, which establish the regulatory framework for banking in India. The Banking Regulation Act defines banking activities and sets requirements around licensing, management, and restrictions. The Reserve Bank of India Act establishes RBI as the central bank of India, giving it authority over monetary policy, banking supervision, and other central banking functions.
The ppt consists of meaning of the doctrine with example. A detailed understanding of the principle has been included along with many case laws. The essentials have been mentioned which will validate the act of parties.
This document summarizes key aspects of appeals under the Code of Civil Procedure (CPC) in India. It notes that:
1) The CPC does not define "appeal" but it is generally understood to be an application to a higher court asking to reverse a lower court's decision.
2) Section 96 of the CPC governs appeals from decrees of courts exercising original jurisdiction, except for appeals from High Court original side decrees which are governed by Letters Patent.
3) An appeal is allowed against any decree from a court of original jurisdiction, including ex-parte decrees, but not consent decrees. No appeal is allowed for petty cases unless a question of law arises.
Code of civil procedure 1908 jurisdiction of civil courtsDr. Vikas Khakare
This document discusses the jurisdiction of civil courts in India according to the Code of Civil Procedure 1908. It defines jurisdiction as the power of a court to hear and determine cases. There are different categories of jurisdiction including civil and criminal, original and appellate, jurisdiction over subject matter, local or territorial, and pecuniary jurisdiction. Civil courts have jurisdiction over civil disputes but not criminal matters. Lower courts have original jurisdiction while higher courts have appellate jurisdiction. Jurisdiction is determined by the legislature and a court cannot hear cases that are expressly or impliedly barred from its jurisdiction.
This document discusses temporary injunctions under Indian law. It defines a temporary injunction as continuing until a specified time or further court order, and that they can be granted at any stage of a suit. The primary purpose is to maintain the status quo until the final determination of the suit. It lists 12 cases where a temporary injunction may be granted, such as when property is in danger or being wasted. It outlines the principles a court considers, including whether the plaintiff has a prima facie case, the balance of convenience favors the plaintiff, and the plaintiff would suffer irreparable injury without injunction. It defines these terms and notes injunction is an equitable remedy where the party must do equity and not suppress material facts.
Prevention of Money Laundering Act 2002ramandeepjrf
The document summarizes key aspects of the Prevention of Money Laundering Act (PMLA) 2002 in India. It defines key terms like money laundering, proceeds of crime, and scheduled offences. It outlines the 3 stages of money laundering: placement, layering, and integration. It describes the obligations of banking companies, financial institutions, and intermediaries to report transactions and verify identities. It discusses the attachments, adjudications, and confiscation process as well as the roles of the Adjudicating Authority, Appellate Tribunal, and Special Courts in enforcing the law. Punishments are outlined for money laundering and for providing false information.
The document outlines the rights and liabilities of buyers and sellers before and after the completion of a property sale. It discusses key obligations such as the seller's duty to disclose defects, provide documents, and execute a proper conveyance. It also discusses the buyer's duty to pay the price and disclose facts affecting the property's value. After completion, the seller must give possession while the buyer bears losses and pays taxes/charges. The rights of each party are also described, such as the seller's right to rents before completion and charge for unpaid price after.
The Specific Relief of Act 1877
The Law of Limitation Act, 1908
ARNAB KUMAR DAS
Port City International University,
Chittagong, Bangladesh.
SID: LLB 00305037
Know about anticipatory bail and condition to grant the bail.
#anticipatorybail #CrPC #bail #court #sectio438 and know why the anticipatory bail is filed?
Watch the YT video for a better understanding of Anticipatory bail: https://youtu.be/zG56kfug_ww
Application and relevance of rule against perpetuityAmira Singh
The document discusses the rule against perpetuity under Section 14 of the Transfer of Property Act 1882 in India. It defines perpetuity as an indefinite period and explains that the rule prohibits the creation of future remote property interests that may vest after the lifetime of the last preceding interest holder or beyond the minority of the ultimate beneficiary. The objective of the rule is to prevent property from being tied up indefinitely and ensure the free and active circulation of property for trade, commerce, and societal benefit. The document outlines exceptions to the rule such as transfers for public benefit, covenants of redemption, personal agreements, pre-emption, perpetual leases, and mortgages. It concludes that the rule against perpetuity aims to prevent
This document provides an overview of specific relief under Indian law. It discusses key concepts like specific performance of contracts and recovery of possession of property. Specific relief refers to a form of judicial remedy where a party is compelled by a civil court to do or refrain from doing a certain act. The Specific Relief Act of 1877 governs specific relief in India and is based on principles of equity. It allows for specific performance of contracts for sale of immovable property, partial performance of contracts where part of the obligation cannot be fulfilled, and rights of purchasers against vendors with imperfect title. Certain types of contracts cannot be specifically enforced, such as those requiring continuous performance over 3 years or those with uncertain terms.
The prevention of money laundering act, 2002 (2)Himanshu Goyal
The document summarizes key aspects of India's Prevention of Money Laundering Act of 2002. It defines money laundering and outlines the three main stages: placement, layering, and integration. It describes various criminal activities that can generate illicit funds and popular methods used to launder money. The summary also discusses important sections of the act related to definitions, objectives to prevent money laundering, punishment for offenses, attachment and confiscation of property, and search and seizure powers of authorities. The overall purpose of the act is to combat money laundering in India.
This document provides an overview of the Prevention of Money Laundering Act, 2002 (PMLA) in India through several articles. It discusses key aspects of the PMLA including its introduction, authorities under the act and their powers, consequences for money laundering offenses, and punishment. Specifically, it notes that the PMLA allows for attachment of property suspected to be proceeds of crime prior to a judgment. It can also attach property if it believes it will obstruct PMLA proceedings. The consequences also include rigorous imprisonment of 3-7 years for money laundering offenses, and up to 10 years for certain drug-related offenses.
Principles of Trust: Classification and CreationPreeti Sikder
Learning Outcome:
Students will :
-be informed about the major divisions among the concept of trust
-learn about the basic legal conditions a trust has to fulfill under Trusts Act, 1882
This document discusses the right to bail in Bangladeshi law. It defines bail as the release of a person charged with an offence upon signing an undertaking to appear in court. Bail can be granted for bailable offences by police or courts and is meant to balance the accused's liberty with ensuring their appearance at trial. The document outlines the categories of offences, conditions for granting bail, relevant authorities, and roles of police, prosecutors and judges. It also discusses cancellation of bail and reforms needed in the bail system.
Bail is the release of an accused person from custody, on the condition that they will return for their trial or other legal proceedings. The purpose of bail is to ensure the presence of the accused at trial while also protecting their liberty prior to being proven guilty. Bail laws originated in ancient times and are now codified in the Indian Criminal Procedure Code. Bail can be granted for bailable offenses with sentences under 3 years or fines only. For more serious non-bailable offenses, courts consider various factors like evidence and witness tampering risk when deciding bail. The process involves applying to the court and potentially depositing an amount until the trial. Grant of bail is mandatory in certain circumstances like incomplete investigations or if the accused is
The Specific Relief of Act 1877
The Law of Limitation Act, 1908
ARNAB KUMAR DAS
Port City International University,
Chittagong, Bangladesh.
SID: LLB 00305037
The document summarizes the key provisions around temporary injunctions and interlocutory orders under Order 39 of the Code of Civil Procedure, 1908 in India. It discusses the grounds for granting temporary injunctions under Rules 1 and 2 to maintain the status quo during legal proceedings. It also outlines the procedures under Rules 3 and 3A, consequences for disobedience under Rule 2A, discharge or variation of orders under Rule 4, and provisions for interim sale, detention of subject matter, immediate possession, and deposit in court under Rules 6 to 10. The purpose is to provide interim relief and protect suits from becoming infructuous pending final disposal.
The document discusses the provisions related to commissions under the Code of Civil Procedure (CPC) in Bangladesh. It summarizes the key powers of courts to issue commissions, the purposes for which commissions can be issued (e.g. to examine witnesses or conduct a local investigation), and the procedures involved as outlined in Order 26 of the CPC. These include rules regarding who can be examined via commission, the process for commissioners to conduct investigations and submit reports, and the evidentiary value of commissioners' reports.
The document discusses key Indian banking laws and regulations. It outlines the Banking Regulation Act of 1949 and the Reserve Bank of India Act of 1934, which establish the regulatory framework for banking in India. The Banking Regulation Act defines banking activities and sets requirements around licensing, management, and restrictions. The Reserve Bank of India Act establishes RBI as the central bank of India, giving it authority over monetary policy, banking supervision, and other central banking functions.
The ppt consists of meaning of the doctrine with example. A detailed understanding of the principle has been included along with many case laws. The essentials have been mentioned which will validate the act of parties.
This document summarizes key aspects of appeals under the Code of Civil Procedure (CPC) in India. It notes that:
1) The CPC does not define "appeal" but it is generally understood to be an application to a higher court asking to reverse a lower court's decision.
2) Section 96 of the CPC governs appeals from decrees of courts exercising original jurisdiction, except for appeals from High Court original side decrees which are governed by Letters Patent.
3) An appeal is allowed against any decree from a court of original jurisdiction, including ex-parte decrees, but not consent decrees. No appeal is allowed for petty cases unless a question of law arises.
Code of civil procedure 1908 jurisdiction of civil courtsDr. Vikas Khakare
This document discusses the jurisdiction of civil courts in India according to the Code of Civil Procedure 1908. It defines jurisdiction as the power of a court to hear and determine cases. There are different categories of jurisdiction including civil and criminal, original and appellate, jurisdiction over subject matter, local or territorial, and pecuniary jurisdiction. Civil courts have jurisdiction over civil disputes but not criminal matters. Lower courts have original jurisdiction while higher courts have appellate jurisdiction. Jurisdiction is determined by the legislature and a court cannot hear cases that are expressly or impliedly barred from its jurisdiction.
This document discusses temporary injunctions under Indian law. It defines a temporary injunction as continuing until a specified time or further court order, and that they can be granted at any stage of a suit. The primary purpose is to maintain the status quo until the final determination of the suit. It lists 12 cases where a temporary injunction may be granted, such as when property is in danger or being wasted. It outlines the principles a court considers, including whether the plaintiff has a prima facie case, the balance of convenience favors the plaintiff, and the plaintiff would suffer irreparable injury without injunction. It defines these terms and notes injunction is an equitable remedy where the party must do equity and not suppress material facts.
Prevention of Money Laundering Act 2002ramandeepjrf
The document summarizes key aspects of the Prevention of Money Laundering Act (PMLA) 2002 in India. It defines key terms like money laundering, proceeds of crime, and scheduled offences. It outlines the 3 stages of money laundering: placement, layering, and integration. It describes the obligations of banking companies, financial institutions, and intermediaries to report transactions and verify identities. It discusses the attachments, adjudications, and confiscation process as well as the roles of the Adjudicating Authority, Appellate Tribunal, and Special Courts in enforcing the law. Punishments are outlined for money laundering and for providing false information.
The document outlines the rights and liabilities of buyers and sellers before and after the completion of a property sale. It discusses key obligations such as the seller's duty to disclose defects, provide documents, and execute a proper conveyance. It also discusses the buyer's duty to pay the price and disclose facts affecting the property's value. After completion, the seller must give possession while the buyer bears losses and pays taxes/charges. The rights of each party are also described, such as the seller's right to rents before completion and charge for unpaid price after.
The Specific Relief of Act 1877
The Law of Limitation Act, 1908
ARNAB KUMAR DAS
Port City International University,
Chittagong, Bangladesh.
SID: LLB 00305037
Know about anticipatory bail and condition to grant the bail.
#anticipatorybail #CrPC #bail #court #sectio438 and know why the anticipatory bail is filed?
Watch the YT video for a better understanding of Anticipatory bail: https://youtu.be/zG56kfug_ww
Application and relevance of rule against perpetuityAmira Singh
The document discusses the rule against perpetuity under Section 14 of the Transfer of Property Act 1882 in India. It defines perpetuity as an indefinite period and explains that the rule prohibits the creation of future remote property interests that may vest after the lifetime of the last preceding interest holder or beyond the minority of the ultimate beneficiary. The objective of the rule is to prevent property from being tied up indefinitely and ensure the free and active circulation of property for trade, commerce, and societal benefit. The document outlines exceptions to the rule such as transfers for public benefit, covenants of redemption, personal agreements, pre-emption, perpetual leases, and mortgages. It concludes that the rule against perpetuity aims to prevent
This document provides an overview of specific relief under Indian law. It discusses key concepts like specific performance of contracts and recovery of possession of property. Specific relief refers to a form of judicial remedy where a party is compelled by a civil court to do or refrain from doing a certain act. The Specific Relief Act of 1877 governs specific relief in India and is based on principles of equity. It allows for specific performance of contracts for sale of immovable property, partial performance of contracts where part of the obligation cannot be fulfilled, and rights of purchasers against vendors with imperfect title. Certain types of contracts cannot be specifically enforced, such as those requiring continuous performance over 3 years or those with uncertain terms.
The prevention of money laundering act, 2002 (2)Himanshu Goyal
The document summarizes key aspects of India's Prevention of Money Laundering Act of 2002. It defines money laundering and outlines the three main stages: placement, layering, and integration. It describes various criminal activities that can generate illicit funds and popular methods used to launder money. The summary also discusses important sections of the act related to definitions, objectives to prevent money laundering, punishment for offenses, attachment and confiscation of property, and search and seizure powers of authorities. The overall purpose of the act is to combat money laundering in India.
This document provides an overview of the Prevention of Money Laundering Act, 2002 (PMLA) in India through several articles. It discusses key aspects of the PMLA including its introduction, authorities under the act and their powers, consequences for money laundering offenses, and punishment. Specifically, it notes that the PMLA allows for attachment of property suspected to be proceeds of crime prior to a judgment. It can also attach property if it believes it will obstruct PMLA proceedings. The consequences also include rigorous imprisonment of 3-7 years for money laundering offenses, and up to 10 years for certain drug-related offenses.
This document is a Supreme Court of India judgment regarding the constitutional validity of Section 45 of the Prevention of Money Laundering Act of 2002. Section 45 imposes conditions for granting bail to those accused of offenses punishable for over 3 years under Schedule A of the Act. The Court provides background on money laundering and the objectives of the Prevention of Money Laundering Act. It describes some key provisions of the Act regarding definitions, offenses, punishment, and attachment of property involved in money laundering. The Court will determine if Section 45's bail conditions violate constitutional rights.
The document is the full text of Republic Act No. 9160, also known as the Anti-Money Laundering Act of 2001. It defines money laundering and related terms, establishes the Anti-Money Laundering Council to implement anti-money laundering measures, and gives the Council authority to require transaction reports, freeze accounts, and initiate forfeiture proceedings against property involved in money laundering. Covered institutions like banks must comply with customer due diligence and record keeping rules to prevent money laundering.
The document summarizes key aspects of the Human Security Act of 2007 in the Philippines. It defines terrorism and outlines the law's provisions regarding surveillance of suspects, proscription of terrorist organizations, detention of suspects, examination of bank records, and penalties for crimes related to terrorism such as imprisonment of 40 years for terrorism and 10-12 years for accessories. The law aims to secure the state and protect people from terrorism while preventing abuses through oversight and legal processes.
The document provides an overview of the Prevention of Money Laundering Act (PMLA) 2002 in India. It discusses the objectives of PMLA, which are to prevent and control money laundering, confiscate property obtained from laundered money, and deal with other issues related to money laundering in India. It also defines key terms like money laundering and proceeds of crime. Furthermore, it outlines the structure of PMLA including the roles of the Financial Intelligence Unit, Directorate of Enforcement, Adjudicating Authority, and Appellate Tribunal.
Banning of Unregulated Deposit Schemes Act, 2019 with connected Rules and Not...jossycherianpuncha
This document summarizes key aspects of the Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act) in India. The Act bans unregulated deposit schemes and establishes authorities to regulate deposits. It defines regulated and unregulated deposits, outlines offenses and punishments for violating the Act, and establishes designated courts to handle related cases. The Act aims to curb financial crimes involving large sums of money from unregulated deposits and provide relief to victims.
The document summarizes key aspects of the Prevention of Money Laundering Act, 2002 in India. It covers:
1) Key definitions like proceeds of crime, property, reporting entity. It defines money laundering and its punishment.
2) Provisions for attachment of property involved in money laundering, its adjudication and confiscation by the authorities.
3) Obligations of reporting entities like banks to verify identities, maintain records and furnish information to authorities.
4) Powers of authorities to summon entities, access information and impose fines. It aims to prevent money laundering and confiscate illegally obtained property.
Benami Transactions (Prohibition) Act, 1988 has been amended and renamed as Prohibition
of Benami Property Transactions Act, 1988 (PBPT Act). Benami Act mainly focuses on finding
real names behind nameless real estate transactions. The amended act clearly defines the benami
transactions
The benami transactions (prohibitions) amendment act (1)Himanshu Goyal
The document summarizes the Prohibition of Benami Property Transactions Act of 1988 as amended in 2016 in India. Some key points:
- The act prohibits benami transactions where one person provides consideration for a property but it is held in another person's name. Such properties are liable to be confiscated.
- The 2016 amendment strengthened penalties, setting up adjudicating authorities and an appellate tribunal to deal with benami cases.
- Transactions done for illegitimate purposes like concealing black money or evading taxes come under the purview of benami transactions according to the act.
- Properties involved in benami transactions are liable to face attachment or confiscation and individuals can be fined or imprisoned for
THE BENAMI TRANSACTIONS (PROHIBITIONS) AMENDMENT ACTHimanshu Goyal
The document summarizes the key aspects of the Prohibition of Benami Property Transactions Act, 1988 as amended in 2016. It defines benami transactions as those where property is held in someone else's name for someone else's benefit. The Act prohibits benami transactions and allows for confiscation of benami properties. It establishes authorities to investigate and adjudicate benami cases and imposes penalties including imprisonment and fines for those involved in benami transactions. The amendments in 2016 strengthened the provisions around prohibition, investigation and punishment of benami transactions.
Taxmann's Benami Black Money & Money Laundering LawsTaxmann
Taxmann’s Benami, Black Money & Money Laundering Laws provides a compilation of annotated, amended & updated on the following Laws:
• Prohibition of Benami Property Transactions Act, 1988 with Rules, Schemes & Notifications
• Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 with Rules, Challans, Instructions and Circulars & Notifications
• Prevention of Money-laundering Act, 2002 with Rules & Notifications
• Fugitive Economic Offenders Act, 2018 with Rules, Regulations & Notifications
This book aims to provides a complete and thorough understanding of the statutory portion of the Benami and Black Money Laws.
The Present Publication is the Latest Edition, as amended by the Finance Act 2021.
The document summarizes key aspects of the Prohibition of Benami Property Transactions Act, 2016 in India. It defines:
- What constitutes a benami transaction based on the Act's definition, including transactions held under fictitious names or where the owner denies knowledge.
- Exceptions to benami transactions such as certain family property arrangements.
- Key terms like benamidar, beneficial owner, and fair market value.
- Offences and punishments for non-compliance, including imprisonment and fines based on the fair market value of the property.
This document provides an overview of money laundering and features of the Money Laundering Prevention Act (MLPA) of 2012 in Bangladesh. It defines money laundering and outlines the stages of money laundering. It discusses the international initiatives and development of anti-money laundering regulations over time through organizations like the UN, FATF, and Basel Committee. It then summarizes Bangladesh's national initiatives to prevent money laundering through its legal framework, enforcement agencies, and risk assessment efforts. Finally, it outlines key aspects of the MLPA of 2012 such as definitions of money laundering and predicate offenses, punishments for offenses, and responsibilities of reporting organizations.
This document provides the text of the Code of Civil Procedure, 1908 (Act No. 5 of 1908) of India. Some key points:
- It consolidates and amends the laws relating to civil court procedure in India.
- It is divided into XI Parts covering preliminary matters, suits in general, execution, appeals and references.
- It defines important terms like "decree", "judgment", "pleader" and "public officer".
- It establishes the hierarchy of civil courts in India and that district courts are subordinate to high courts.
- It contains general provisions on court jurisdiction, cases of res judicata and stay of suits.
Materi anti korupsi singkat english versionDaned Aditia
The document summarizes Indonesia's anti-corruption laws and the Corruption Eradication Commission's (KPK) enforcement efforts. It outlines the KPK's duties of enforcement, prevention, and public involvement. It then describes the seven types of corruption crimes according to Indonesian law and provides data on the types of corruption cases handled by the KPK from 2004 to 2019, with the majority being bribery and illegal gratification cases. The document proceeds to summarize several key articles from Indonesia's anti-corruption laws related to bribery, illegal gratification, extortion, and acts causing state financial losses.
The document discusses the Benami Transactions (Prohibition) Amendment Bill, 2015, which seeks to amend the Benami Transactions Act of 1988. The key points are:
1) The Bill aims to amend the definition of benami transactions, establish authorities to deal with such cases, and specify penalties.
2) A benami transaction is one where a property is held under a false name, with the real owner denying knowledge or being untraceable.
3) Certain exemptions like HUF properties are specified. Penalties for benami transactions and false information are increased.
4) Adjudicating authorities and an Appellate Tribunal will be set up to examine cases and hear appeals against confiscating
The document summarizes the Dowry Prohibition Act of 1961 which aims to prohibit the practice of dowry in India. Some key points:
- It defines dowry as any property or valuable security given by one party to a marriage, or their relatives, to the other party before, during or after the marriage.
- Giving or taking dowry is punishable by a minimum 5 years imprisonment and fine. Demanding dowry is punishable by 6 months to 2 years imprisonment and fine.
- Any agreement for dowry is void. Dowry received must be transferred to the woman within 3 months of marriage. Failure to do so is punishable.
- The Act also bans dow
The document provides an overview of the Prevention of Money Laundering Act (PMLA) 2002 in India. It discusses the objectives of PMLA, which are to prevent and control money laundering, confiscate illegally obtained property, and deal with money laundering related issues. It also defines key terms like money laundering and proceeds of crime. The document outlines the process of money laundering and various methods used for it like smurfing. It discusses penalties under FEMA and search/seizure powers under PMLA.
Similar to Money Laundering Prevention Act- 2012 (20)
Walmart Business+ and Spark Good for Nonprofits.pdfTechSoup
"Learn about all the ways Walmart supports nonprofit organizations.
You will hear from Liz Willett, the Head of Nonprofits, and hear about what Walmart is doing to help nonprofits, including Walmart Business and Spark Good. Walmart Business+ is a new offer for nonprofits that offers discounts and also streamlines nonprofits order and expense tracking, saving time and money.
The webinar may also give some examples on how nonprofits can best leverage Walmart Business+.
The event will cover the following::
Walmart Business + (https://business.walmart.com/plus) is a new shopping experience for nonprofits, schools, and local business customers that connects an exclusive online shopping experience to stores. Benefits include free delivery and shipping, a 'Spend Analytics” feature, special discounts, deals and tax-exempt shopping.
Special TechSoup offer for a free 180 days membership, and up to $150 in discounts on eligible orders.
Spark Good (walmart.com/sparkgood) is a charitable platform that enables nonprofits to receive donations directly from customers and associates.
Answers about how you can do more with Walmart!"
How to Fix the Import Error in the Odoo 17Celine George
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
How to Build a Module in Odoo 17 Using the Scaffold MethodCeline George
Odoo provides an option for creating a module by using a single line command. By using this command the user can make a whole structure of a module. It is very easy for a beginner to make a module. There is no need to make each file manually. This slide will show how to create a module using the scaffold method.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
Executive Directors Chat Leveraging AI for Diversity, Equity, and InclusionTechSoup
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPRAHUL
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
3. The laundry literally means “cleaning”.
The act comes into force on 16 January, 2012
Money Laundering Prevention Act (MLPA)- 2012 contains 31 sections.
What is Money
Laundering?
Metaphorically, money laundering refers to “cleaning on money”.
Money Laundering
Prevention Act- 2012
5. Smuggling of money or
Property
Money or Value
Transfer Service
Proceeds of crime
Freeze
Non-profit organization/
institution
i)transfer or holding money or property outside the country,.
ii)repatriating money or property from abroad.
iii)not bringing into the country the actual dues from a foreign country.
a financial service in which the service provider receives currency,
cheques, other financial instruments (electronic or otherwise)in one
location, and provides the beneficiary with the equal value in currency.
any property obtained or derived, directly or indirectly, from a predicate
offence or any such property retained or controlled by anybody.
any action taken by the competent authorities pursuant to this Act by
which any property is brought within the control of the relevant
authorities
any institution registered under section 28 of the Company Act,1994(Act
XVIII of 1994).
6. Financial Instrument
Financial Institution
Court
Attachment
Customer
all papers or electronic documents which have a financial value.
a financial institution defined under section 2(b) of the Financial
Institutions Act, 1993 (Act No. XXVII of 1993)
the court of a special judge.
any action taken by the court pursuant to this Act by which any property
is restrained or held by the relevant authorities.
any person or persons or entity or entities at may be defined by
Bangladesh Bank from time to time.
7. Trust & Company
Service Providers
Investigation Agency
Cash
Disposal
Confiscation
any persons or business institution that is not defined in any other laws
and provides with any of the following services to any third party.
the Anti Corruption Commission established under the Anti Corruption
Commission Act, 2004 (Act No. V of 2004); and any officer of the
Commission authorized in this behalf by it to investigate.
Including coins, paper currency, travellers cheques, postal notes, money
orders, cheques, bank drafts, bearer bonds, letters of credit, bills of
exchange, credit card, debit card or promissory notes.
the sale of property which is degradable, perishable or unsuitable for
use after a certain time.
the permanent transfer of the title of any property in favour of the State
pursuant to a court order made under section 17.
8. Bangladesh Bank
Insurer
Non government
organization
Foreign currency
Bank
Bangladesh Bank established under the Bangladesh Bank Order, 1972
(P.O. No. 127 of 1972).
an insurer defined under section 2(25) of the Insurance Act, 2010 (Act
No. XIII of 2010).
(i)Receive fund (loan, grant, deposit) from local sources,
(ii) receive any kind of foreign donation or loan or grant.
any foreign exchange defined under section 2(d) of the Foreign
Exchange Regulation Act, 1947 (Act No. VII of 1947)
a bank company defined under section 5(o) of the Bank Companies Act,
1991 (Act No. XIV of 1991) and it shall also include any other institution
designated as a bank under any other law.
9. Money changer
Money Laundering
Reporting Organization
Real Estate Developer
Entity
(i)bank;(ii)financial institution;(iii)insurer;(iv)money change, (v)1. stock
dealer and stock broker, 2. portfolio manager and merchant banker, 3.
securities custodian, 4. asset manager.
any kind of legal entity, statutory body, commercial or non commercial
organization, partnership firm, cooperative society or any organization
comprising one or more than one person.
defined under section 2(15) of Real Estate Development and
Management Act, 2010 (Act No. 48 of 2010)who buying and selling of
land, house, commercial building and flat.
any person or institution approved by Bangladesh Bank under section 3 of
the Foreign Exchange Regulation Act, 1947 (Act No. VII of 1947) for
dealing in foreign exchange transactions.
i)Knowingly moving, converting, or transferring proceeds of crime,
ii) smuggling money or property earned through legal or illegal means
to a foreign country
10. Predicate Offense Special Judge High Court Division
A predicate offense is a
crime that is a component
of a more serious crime.
A special judge appointed
under section 3 of the
Criminal Law
Amendment Act, 1958
(Act No. XL of 1958.
The High Court Division
of the Bangladesh
Supreme Court.
11. Section- 03…
Act to override other laws
Notwithstanding anything contained in any other law for the time being in force, the provisions
of this Act shall, subject to the provisions of section- 9,have effect.
Section- 04…
Offence of money laundering and punishment
(a) For the purposes of this Act, money laundering shall be deemed to be an offence.
(b) punished with imprisonment at least 4 years but not
exceeding 12 years and, in addition to that, a fine equivalent to the twice of the value of
the property or taka 10
(c) In addition to any fine or punishment, the court may pass an order to forfeit the property
which directly or indirectly involved with money laundering
(d) It shall not be a prerequisite to charge or punish for money laundering to be convicted or
sentenced for any predicate offence.
12. Section- 05…
Punished with imprisonment for not exceeding 3 years or with a fine equivalent to the value of
the property subject to freeze or attachment.
Punishment for violation of an order for freezing or attachment
Section- 06…
Punishment for Divulging Information
Imprisonment
(not exceeding2 two years)
Fine
(not exceeding TK. 50 thousand)
Both
(Imprisonment+ Fine)
Or Or
Any person who contravenes the provisions of sub-sections (1) and (2) shall be punished with…
13. Section- 08…
(1) Any person who is convicted under sub-section- 1 shall be punished with imprisonment
for a term not exceeding 1 year or with a fine not exceeding taka 25 thousand or with both.
Punishment for providing false information
Section- 07…
Any person who contravenes the provisions of sub-sections (1) and (2) shall be punished
with imprisonment for a term not exceeding 1 (one) years or a fine not exceeding taka 25
(twenty five) thousand or with both.
Punishment for obstruction or non-cooperation in investigation, failure to submit
report or obstruction in the supply of information
14. Section- 09…
Investigation and trial of an offence
Under the Anti Corruption Commission Act, 2004 (Act No. V of 2004) and shall be
investigated by the Anti Corruption Commission or any officer of the Commission
empowered by it in this behalf or any officer of any other investigating agency authorized
by the Anti Corruption Commission.
Section- 10…
Extraordinary jurisdiction of the special judge
The special judge may impose such punishments as are specified for the offences under this
Act, and where appropriate, may pass any other necessary order including orders for further
investigation, freezing, attachment and confiscation of property.
Section- 11…
Cognizancy, non-compound ability and non-bail ability of
offences
Offences under this Act shall be cognizable, non-compoundable and non- bailable.
15. Section- 12…
Inevitability of the approval of the Anti Corruption Commission
The Code of Criminal Procedure or any other law for the time being in force, no court shall
take cognizance of any offence under this Act, except with the approval of the Anti
Corruption Commission
Section- 13…
Provisions relating to bail
Any person accused under this Act shall be released on bail, if :
a
b
the complainant is given an opportunity of being heard on the application for
bail; and
the court is not satisfied that there are reasonable grounds to believe that the
accused shall be found guilty of the charges brought against him; or
c the accused is a woman, child or physically disabled person and the court is
satisfied that justice may not be hindered by reason of releasing him on bail.
16. Section- 14…
Orders to freeze or attach
The court may issue an order to freeze or attach the property on the basis of a written
application
The application must contain
a
b
Full description of the property
The property may be transferred if an order is not passed
If the order passed, the court shall, publish an official Gazette
The name of the person, parents, spouse, nationality, designation (if any), occupation, tax
identification number (TIN), present and permanent addresses should be mentioned.
The property can’t transferred elsewhere without the consent of court
All money receivable of the person may be deposited into the frozen bank account.
17. Section- 15…
Return of frozen or attached
The person may make an application before the court for the return of the property within
30 (thirty) days
The application before the court should contain the following information: The property is
not involved any predicate offense.
a
b
the applicant is not acting as a nominee
the accused person or entity has no proprietary right
If the court is satisfied with the application of the applicant, The applicant may return back
his property.
Section- 16…
Appeal against the order to freeze or attach
Appeal against the order to freeze or attach
The appellate court shall give the parties reasonable time for being heard.
The said order shall have effect pending the appeal to be disposal of, unless the appellate
court directs otherwise.
18. Section- 17…
Confiscation of property
If any person is convicted, the court may pass an order for confiscation of any property.
The respective court may, pass an order for the confiscation of any property.
If any person dies after submitting the charge sheet, the court may pass an order for
confiscation.
After knowing that the property cannot be located.
If any court pass an order, ownership of the property hand over the possession of the
property to the State for confiscation.
19. Section- 18…
Return of confiscated Property
The person or the entity may make an application before the court for the return of the
property
The court shall give a reasonable time to the person who filed the case for considering the
following matters.
a
b
Whether the applicant had an involvement in the offense.
Whether the applicant has a valid right to acquire the confiscated property.
Section- 19…
Appeal against any order for confiscation
The party aggrieved by such an order may prefer an appeal against the order
The appellate court shall give both the parties reasonable opportunity of being heard
Section- 20…
Procedure for disposal of confiscated property
The Government may dispose of such property
20. Powers and responsibilities of Bangladesh Bank in restraining
and preventing the offence of money laundering
Bangladesh Bank shall have the following powers and responsibilities, namely:
a
b
to review information related suspicious transactions received from any
reporting organization
ask for any information or obtain a report from reporting organizations
Section- 21…
Appointment of a manager or caretaker for taking care of the
frozen, attached or confiscated property
The court may, appoint any law enforcement agency as a manager or caretaker of the
property.
Section- 22…
Appeal
The aggrieved party by a court may prefer an appeal before the High Court Division within
Section- 23…
21. Section- 24…
Establishment of the Bangladesh Financial Intelligence Unit
(BFIU)
In order to exercise the power and perform the duties vested in Bangladesh Bank under
section 23 of this Act, there shall be a separate unit to be called the Bangladesh Financial
Intelligence Unit (BFIU) within Bangladesh Bank.
The governmental, semi-governmental, autonomous organizations or any other relevant
institutions or organizations shall, upon any request or spontaneously, provide the
Bangladesh Financial Intelligence Unit with the information preserved or gathered by them.
The Bangladesh Financial Intelligence Unit may, if necessary, spontaneously provide other
law enforcement agencies with the information relating to money laundering and terrorist
financing.
22. Section- 25…
Responsibilities of the reporting organizations in
prevention of money laundering
The reporting organizations shall have the following responsibilities in the prevention of
money laundering, namely:
to maintain complete and correct information with regard to the identity of its customers
during the operation of their accounts;
if any account of a customer is closed, to preserve previous records of transactions of such
account for at least 5(five) years from the date of such closure;
to provide with the information maintained under clauses(a) and (b) to Bangladesh Bank
from time to time, on its demand;(d)if any doubtful transaction or attempt of such
transaction as defined under clause (n)of section 2is observed, to report the matter as
suspicious transaction report to the Bangladesh Bank immediately on its own accord
a
b
c
23. Section- 26…
Contract with Foreign Countries
The Government may enter into a contract with any foreign State under bilateral or
multilateral agreements, conventions or any other means recognized by international law,
If the Government enters into any contract with any foreign State under this section the
Government may, for the purpose of prevention of money laundering:
(a) Ask for necessary information from the foreign State or organization; and
(b) provide with information asked for by the foreign State or organization if it is
not a threat to national security
24. Section- 27…
Offences committed by an entity
If any offence
under this Act is
committed by
Proprietor
Staff or Representative
Director or Manager
who is directly involved in
the offence shall be deemed
to be guilty of the offence.
Section- 28…
Protection of actions taken in good faith
No suit or prosecution
or administrative
measures or any other
legal proceedings shall
lie against
Officer or Staff of Government
Officer or Staff of Bangladesh Bank
Staff of Anti-Corruption Commission
which is done in good
faith under this Actor
rules made thereunder
for which any person is
or likely to be affected
25. Repeal and Savings
Any action taken or any case filed or any proceeding taken under the Act and Ordinance which
are pending shall be disposed of in such a manner as if it had been filed and taken under this
Act.
Publication of an English Text of the Act
After the commencement of this Act, the Government shall, as soon as possible, by notification
in the official Gazette, publish an Authentic English Text of this Act.
Section- 30…
Section- 31…
If any offence committed or remains under investigation or trial under the Foreign Exchange
Regulation Act, 1947(Act No. VII of 1947)and the Act and Ordinance, such offences shall be
disposed of in such a manner as if it had been filed and taken under this Act.
In case of any conflict between the Bangla Text and the English Text, the Bangla Text shall
prevail.