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Home > PMLA 2002 > Section 49 - Appointment of Authorities
Section 49 - Appointment of Authorities
Section 49 of the Prevention of Money Laundering Act, 2002 relates to appointment of authorities under the Act.

"49. (1) The Central Government may appoint such persons as it thinks fit to be authorities for the purposes of this Act.

(2) Without prejudice to the provisions of sub-section (1), the Central Government may authorise the Director or an Additional Director or a Joint Director or a Deputy Director or an Assistant Director appointed under that sub-section to appoint other authorities below the rank of an Assistant Director.

(3) Subject to such conditions and limitations as the Central Government may impose, an authority may exercise the powers and discharge the duties conferred or imposed on it under this Act."

PMLA 2002 >> Section 40 - Deemed to be Public Servants
PMLA 2002 >> Section 48 - Authorities under the Act
Notifications >> Notification No 5/2005- Powers of Director, FIU-IND
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