Section 63(1) Prevention of Money-Laundering Act, 2002

 


Section 63(1) Prevention of Money-Laundering Act, 2002: 


Punishment for false information or failure to give information, etc.—

(1) Any person wilfully and maliciously giving false information and so causing an arrest or a search to be made under this Act shall on conviction be liable for imprisonment for a term which may extend to two years or with fine which may extend to fifty thousand rupees or both.

(2) If any person,—

(a) being legally bound to state the truth of any matter relating to an offence under section 3, refuses to answer any question put to him by an authority in the exercise of its powers under this Act; or

(b) refuses to sign any statement made by him in the course of any proceedings under this Act, which an authority may legally require to sign; or

(c) to whom a summon is issued under section 50 either to attend to give evidence or produce books of account or other documents at a certain place and time, omits to attend or produce books of account or documents at the place or time, he shall pay, by way of penalty, a sum which shall not be less than five hundred rupees but which may extend to ten thousand rupees for each such default or failure.

(3) No order under this section shall be passed by an authority referred to in sub-section (2) unless the person on whom the penalty is proposed to be imposed is given an opportunity of being heard in the matter by such authority.


Supreme Court of India Important Judgments And Leading Case Law Related to Section 63(1) Prevention of Money-Laundering Act, 2002:  

Dalmia Cement (Bharat) Limited vs !Counsel For Petiitoner:  on 29 February, 2016

Anil Vasantrao Deshmukh vs Directorate Of Enforcement And on 29 October, 2021

In The High Court Of Judicature At  vs The Directorate Of Enforcement on 24 April, 2018

Smt.K.Sowbaghya vs Union Of India on 28 January, 2016

Virbhadra Singh & Anr vs Enforcement Directorate & Anr on 3 July, 2017



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