Treatise on Prevention of Money Laundering Act, 2002

This Treatise on Prevention of Money-Laundering Act, 2002 (PMLA) covers the widest possible expanse of the subject in all its finer aspects. Exhaustive contents of the Treatise are aimed at providing a research-based, comprehensive and authentic section-wise, sub-section-wise, clause-wise and sub-clause-wise commentary on PMLA. All important concepts and propositions affirmed by the Supreme Court and High Courts and PMLA Appellate Tribunal have been incorporated in the commentary of the relevant sections.

Few words about the salient features of this Treatise that has substantially enhanced its utility as a comprehensive standard reference-work. Apart from the arrangement explained in the Preface, the Treatise has following user-friendly features.

• A Chapter on "Principles of Interpretation" This is intended specially for the members of the Bench and the Bar to assist them in interpreting the dicey issues with help of important principles of interpretation and rules of construction relevant to such issues. This chapter is replete with important caselaw decided in India and abroad pertaining to review of non-English words and phrases.
• Legislative History of each section consisting of gist of observations given in the Parliamentary Committee Report on Prevention of Money-Laundering Bill, 1999 and Notes on clauses of Prevention of Money-Laundering (Amendment) Act, 2005, Prevention of Money-Laundering (Amendment) Act, 2009, Prevention of Money-Laundering (Amendment) Act, 2012 and the gist of all amendments made by Finance Act, 2015, Finance Act, 2016, Finance Act, 2018, Finance Act, 2019, Finance (No 2) Act, 2019 and Aadhar and Other Laws (Amendment) Act, 2019.
• Synopsis prefacing each section mentioning important issues covered by each sub-section, clause and sub-clause. This is meant to facilitate reference to locate important topics and issues. For illustration, reference may be made to the synopsis of following sections: Exhaustive Subject Index