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Section 27 – The Prevention of Money-Laundering Bill, 1999

The Prevention of Money-Laundering Bill, 1999

 

27. Qualifications for appointment –

   

(1) A person shall not be qualified for appointment as Chair-person unless he is or has been a Judge of the Supreme Court or of a High Court.

 

(2) A person shall not be qualified for appointment as a Member unless he–

 

(a) Is or has been a Judge of a High Court; or

 

(b) Has been a Member of the Indian Legal Service and has held a post in Grade 1 of that Service for at least three years; or

 

(c) Has been a member of the Indian Revenue Service and has held the post of Commissioner of Income-tax or equivalent post in that Service for at least three years; or

 

(d) Has been a member of the Indian Economic Service and has held the post of Joint Secretary or equivalent post in that Service for at least three years.

 

(3) No sitting Judge of the Supreme Court or of a High Court shall be appointed under this section except after consultation with the Chief Justice of India.

 

 

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The Prevention of Money-Laundering Bill, 1999

 

Indian Laws – Bare Acts

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