Ministry of Finance TheDollarBusiness

Real estate agents notified to be a “person carrying on designated business or profession

Dated 15th November, 2017 | Copy of | Finance Notification Sl.134

In exercise of the powers conferred by sub-clause (iii) of clause (sa) of sub-section (1) of
section 2 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government
hereby notifies that ‘real estate agents’ as defined under clause (zm) of section 2 of the Real
Estate (Regulation and Development) Act, 2016 (No.16 of 2016) shall be deemed to be a “person
carrying on designated business or profession” under sub-clause (iii) of clause (sa) of sub-section
1 of section 2 of the Prevention of Money-laundering Act, 2002.

Sd/-
(Biplab Kumar Naskar)
Under Secy.

G.S.R.1423(E)
F.No.P.12011/2/2015-S.O.(ES Cell)
Issued by:
Ministry of Finance
(Department of Revenue)
New Delhi

Related Topics:
The Dollar Business Bureau - Nov 28, 2017 12:00 IST