CAIIB · BRBL · Chapter 8

Right to Information & Obligation of Public Authorities

Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Banking Regulations and Business Laws — CAIIB.

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One-liners from this chapter

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What is Prevention of Money Laundering Act, 2002 (PMLA)?

is India's cornerstone anti-money-laundering statute.

Part A — Description / Threshold?

Description: Most serious — IPC offences (waging war, murder, kidnapping for ransom, dacoity, counterfeiting), NDPS Act, Prevention of Corruption Act, UAPA, Explosives Act, Antiquities Act, SEBI Act, Companies Act fraud (Sec. 447), Customs Act offences, Wildlife Protection Act, Trade Marks Act,…

Part B — Description / Threshold?

Description: Customs Act, Sec. 132 (smuggling) and similar; Threshold: ≥ ₹1 crore trigger

Part C — Description / Threshold?

Description: Cross-border implications — offences in Part A having trans-national reach + offences under Companies Act 1956 (Sec. 58A, 58B); Threshold: Applies regardless

Sec. 5 — Power / Authority?

Power: Provisional Attachment of property (initial 180 days; extendable to 365 days under 2019 amendment during investigation); Authority: ED Officer ≥ Deputy Director

Sec. 8 — Power / Authority?

Power: Confirmation/adjudication of attachment; Authority: Adjudicating Authority

Sec. 17 — Power / Authority?

Power: Search of premises without warrant (reasons-to-believe recorded in writing); Authority: ED Officer

Sec. 18 — Power / Authority?

Power: Search of person; Authority: ED Officer

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