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Bare acts > Prevention of Money-laundering (Amendment) Act, 2005 > Section 7
 
 
  

7. Amendment of section 45.-In section 45 of the principal Act,-


(a) in sub-section (1), for the portion beginning with the words and figures "Notwithstanding anything contained in the Code of Criminal Procedure, 1973 (2 of 1974)" and ending with the words "on his own bond unless –", the following shall be substituted, namely:-

"Notwithstanding anything contained in the Code of Criminal Procedure, 1973 (2 of 1974), no person accused of an offence punishable for a term of imprisonment of more than three years under Part A of the Schedule shall be released on bail or on his own bond unless-";

(b) after sub-section (1), the following sub-section shall be inserted, namely:- "(1A) Notwithstanding anything contained in the Code of Criminal Procedure, 1973 (2 of 1974), or any other provision of this Act, no police officer shall investigate into an offence under this Act unless specifically authorised, by the Central Government by a general or special order, and, subject to such conditions as may be prescribed.";

(c) in sub-section (2), the words, brackets and letter "clause (b) of" shall be omitted.

 
 

 

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