What is the time limit for retention of record impounded during the proceedings conducted under the PMLA?

0
Posted

What is the time limit for retention of record impounded during the proceedings conducted under the PMLA?

0

Authority empowered to issue summons may impound and retain in his custody for such period, as he thinks fit, any records produced before him in any proceedings under this Act : Provided that an Assistant Director or a Deputy Director cannot (a) impound any records without recording his reasons for so doing; or (b) retain in his custody any such records for a period exceeding three months, without obtaining the previous approval of the Director.