Section 47 the Prevention of Money- Laundering Act,with Case Law 2002
Certainly! Here is an explanation of Section 47 of the Prevention of Money-Laundering Act, 2002 (PMLA):
Section 47 - Jurisdiction of Special Courts
Summary:
Section 47 specifies the territorial jurisdiction of Special Courts established under the PMLA. It determines where a Special Court can try offences under this Act.
Detailed Explanation:
Where can the Special Court try offences?
The Special Court has jurisdiction to try offences punishable under the PMLA if the offence is committed within the local limits of its jurisdiction.
Place of trial:
The trial can take place in the area where the offence was committed or where the accused is found or where the property involved in the offence is located.
Why this matters:
This section clarifies that Special Courts have territorial jurisdiction to try offences, ensuring that cases are tried in an appropriate location linked to the offence or accused.
Purpose:
To avoid confusion over which Special Court has jurisdiction, Section 47 provides clarity about the territorial limits within which the court can exercise its power, facilitating smooth prosecution under the PMLA.
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