Treatise on PMLA (Prevention of Money-Laundering Act, 2002) Law & Practice (2nd Edition, 2025) (Set of 2 Volumes)
- Year of Publication: 2025
- Edition: 2nd
- ISBN: 978-93-48080-95-0
- No.of Pages: 2906
The Prevention of Money Laundering Act, 2002 (PMLA) is a crucial piece of legislation enacted by the Parliament of India to prevent money-laundering and confiscate property acquired from money-laundering. The PMLA came into effect on 1st July, 2005 with the primary objective of preventing money-laundering, providing for confiscation of property derived from or involved in money laundering, and punishing those engaged in the commission of the offence of money-laundering. Since its enactment, the PMLA has been amended several times, in 2005, 2009, 2012, and most recently in 2019 through the Finance (No. 2) Act, 2019. These amendments have introduced new concepts and made changes to existing provisions. Although the Supreme Court, in its earlier judgment in Vijay Madanlal Choudhary v Union of India, had stressed upon the judicial principle that the provisions of PMLA must be interpreted in a manner that balances enforcement with individual rights, the same was not followed in its true letter and spirit. However, during the past year, the constitutional courts have taken positive steps to ensure that procedural safeguards are followed while making arrests under the PMLA. For instance, the Supreme Court again revisited the issue pertaining to the manner in which an arrested person is informed of the grounds of their arrest under Section 19 of the PMLA in Pankaj Bansal v Union of India.
The recent developments necessitated a fresh and comprehensive analysis of PMLA's evolving legal landscape. The second edition of the book "Treatise on PMLA Law and Practice" aims to provide an updated, in-depth analysis of the recent judicial interpretations, offering readers an insightful perspective on the application of law and its interpretation. The majority of the chapters have been revised to include the latest case laws, legislative amendments, and notifications issued by regulatory authorities. Given the complexities surrounding the interpretations of the provisions of the PMLA, legal professionals, academicians, and law enforcement authorities need to stay abreast of the developments. The author has taken care to ensure that the book serves as a valuable resource in bridging the gap between legal theory and practical application. In the book, the author explores the various sections of the PMLA, including its definitions, offences, attachment, adjudication and confiscation procedures, obligations of banking companies, financial institutions and intermediaries, summons, searches and seizures, appellate tribunal, special courts, authorities and reciprocal arrangement for assistance in certain matters and procedure for attachment and confiscation of property. Every section discusses its scope, legislative history, constitutional validity, applicable notifications and rules and up-to-date case laws. This book is intended for legal professionals, students, and anyone interested in understanding the intricacies of the Prevention of Money Laundering Act, 2002.
This book aims to compile all information related to case-laws, rules, notifications and concepts of law at one place for assisting legal professionals. It provides a comprehensive overview of PMLA and its amendments over time while also discussing key cases and their implications on the interpretation and application of PMLA. This book serves as an invaluable resource for legal professionals seeking to deepen their understanding of PMLA. There are very limited sources/commentaries available with respect to the provisions of PMLA. Even Government websites have not updated changes in Rules and have only uploaded published gazettes on their websites.
Akhilesh Sheshmani Dubey is a distinguished legal practitioner and author. He completed his LL.B from Mumbai University and went on to pursue Master of Laws from the University of London, specialising in International Dispute Resolution. He is admitted as a Solicitor to the Supreme Court of England and Wales and also a member of the Law Society of England and Wales.
Following his legal studies, Akhilesh Dubey began practicing at the Bombay High Court in 2004 and has been actively involved in the legal profession ever since. During his practice, he has worked on a wide range of cases involving commercial law, labour laws, service matters, public interest litigation, human rights law, civil and criminal litigations, among others. He also assisted D.P. Tripathi, Member of Parliament, Rajya Sabha in preparing research for Parliamentary debates on Judicial Reforms.
In addition to his legal practice, Akhilesh Dubey is also an accomplished author. He has written articles on legal topics that have been published by reputed publications. He also writes legal articles for prominent newspapers. During his legal practice, Mr. Akhilesh Dubey has represented some of the biggest corporate houses and families. He has innumerable reported judgments of Bombay High Courts to his credit.
Akhilesh Dubey’s extensive knowledge and experience in the field of law make him a valuable asset to the legal community. His contributions to the field through his practice and writings are highly regarded by his peers and colleagues.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
Similar Books
Ratings and Reviews
Overall Rating
- Year of Publication: 2025
- Edition: 2nd
- ISBN: 978-93-48080-95-0
- No.of Pages: 2906
The Prevention of Money Laundering Act, 2002 (PMLA) is a crucial piece of legislation enacted by the Parliament of India to prevent money-laundering and confiscate property acquired from money-laundering. The PMLA came into effect on 1st July, 2005 with the primary objective of preventing money-laundering, providing for confiscation of property derived from or involved in money laundering, and punishing those engaged in the commission of the offence of money-laundering. Since its enactment, the PMLA has been amended several times, in 2005, 2009, 2012, and most recently in 2019 through the Finance (No. 2) Act, 2019. These amendments have introduced new concepts and made changes to existing provisions. Although the Supreme Court, in its earlier judgment in Vijay Madanlal Choudhary v Union of India, had stressed upon the judicial principle that the provisions of PMLA must be interpreted in a manner that balances enforcement with individual rights, the same was not followed in its true letter and spirit. However, during the past year, the constitutional courts have taken positive steps to ensure that procedural safeguards are followed while making arrests under the PMLA. For instance, the Supreme Court again revisited the issue pertaining to the manner in which an arrested person is informed of the grounds of their arrest under Section 19 of the PMLA in Pankaj Bansal v Union of India.
The recent developments necessitated a fresh and comprehensive analysis of PMLA's evolving legal landscape. The second edition of the book "Treatise on PMLA Law and Practice" aims to provide an updated, in-depth analysis of the recent judicial interpretations, offering readers an insightful perspective on the application of law and its interpretation. The majority of the chapters have been revised to include the latest case laws, legislative amendments, and notifications issued by regulatory authorities. Given the complexities surrounding the interpretations of the provisions of the PMLA, legal professionals, academicians, and law enforcement authorities need to stay abreast of the developments. The author has taken care to ensure that the book serves as a valuable resource in bridging the gap between legal theory and practical application. In the book, the author explores the various sections of the PMLA, including its definitions, offences, attachment, adjudication and confiscation procedures, obligations of banking companies, financial institutions and intermediaries, summons, searches and seizures, appellate tribunal, special courts, authorities and reciprocal arrangement for assistance in certain matters and procedure for attachment and confiscation of property. Every section discusses its scope, legislative history, constitutional validity, applicable notifications and rules and up-to-date case laws. This book is intended for legal professionals, students, and anyone interested in understanding the intricacies of the Prevention of Money Laundering Act, 2002.
This book aims to compile all information related to case-laws, rules, notifications and concepts of law at one place for assisting legal professionals. It provides a comprehensive overview of PMLA and its amendments over time while also discussing key cases and their implications on the interpretation and application of PMLA. This book serves as an invaluable resource for legal professionals seeking to deepen their understanding of PMLA. There are very limited sources/commentaries available with respect to the provisions of PMLA. Even Government websites have not updated changes in Rules and have only uploaded published gazettes on their websites.
Akhilesh Sheshmani Dubey is a distinguished legal practitioner and author. He completed his LL.B from Mumbai University and went on to pursue Master of Laws from the University of London, specialising in International Dispute Resolution. He is admitted as a Solicitor to the Supreme Court of England and Wales and also a member of the Law Society of England and Wales.
Following his legal studies, Akhilesh Dubey began practicing at the Bombay High Court in 2004 and has been actively involved in the legal profession ever since. During his practice, he has worked on a wide range of cases involving commercial law, labour laws, service matters, public interest litigation, human rights law, civil and criminal litigations, among others. He also assisted D.P. Tripathi, Member of Parliament, Rajya Sabha in preparing research for Parliamentary debates on Judicial Reforms.
In addition to his legal practice, Akhilesh Dubey is also an accomplished author. He has written articles on legal topics that have been published by reputed publications. He also writes legal articles for prominent newspapers. During his legal practice, Mr. Akhilesh Dubey has represented some of the biggest corporate houses and families. He has innumerable reported judgments of Bombay High Courts to his credit.
Akhilesh Dubey’s extensive knowledge and experience in the field of law make him a valuable asset to the legal community. His contributions to the field through his practice and writings are highly regarded by his peers and colleagues.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
