The Ministry of Finance is inviting applications for the post of member of Adjudicating Authority under the Prevention of Money Laundering Act, 2002 (PMLA).
About Ministry of Finance
The Ministry of Finance is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget.
About the Opportunity
In terms of section 6 of the Prevention of Money Laundering Act, 2002, the Central Government has established an Adjudicating Authority in the Ministry of Finance, Department of Revenue at New Delhi, to exercise jurisdiction, powers and authority conferred by or under the said Act. This job opportunity is regarding the post of a member of this Adjudicating Authority.
Roles and Responsibilities
The person appointed as Member or Chairperson shall hold office for a term of five years, whether as Member or in continuation as Chairperson as the case may be, from the date he enters upon his office, or till he attains the age of 65 years, whichever is earlier.
Eligibility Criteria
- Is qualified for appointment as District Judge or
- Has been a member of the Indian Legal Service and has held a post in Grade-1 of that Service.
Salary
- One vacancy of Member from the field of Law, in the pay scale of Level 14 (Rs.144200-Rs.218200/-) (6th CPC Scale in PB-4 (Rs.37400-67000) plus Grade of Rs. 10000/-) with usual allowances as are admissible to a Group ‘A’ officer of the equivalent grade, is to be filled up.
- One of the Members of the Adjudicating Authority shall be appointed as its Chairperson in the pay scale of Level 15 (Rs.182200-Rs.224100/-) {6th CPC Scale in HAG Rs.67000 (annual) increment @3%)-79000) with usual allowances as are admissible to a Group ‘A’ officer of the equivalent grade. The pay of Chairperson or Member shall be fixed in terms of the instructions of the Government issued in this regard.
How to Apply?
- The applications along with bio-data, only in the format as enclosed, should reach the Under Secretary, Economic Security Cell, Ministry of Finance, Department of Revenue, Room No.55, North Block, New Delhi-110001, within 60 days from the date of publication of the vacancy advertisement in the Employment News.
- The applications received either after last date or received in a format other than the enclosed format, shall not be considered.
- The persons already in Government service should furnish their applications, through their cadre controlling authority, along with cadre clearance, vigilance clearance and complete A.C.R. dossiers. Incomplete applications will not be entertained.
Application Deadline
August 22, 2023.
Location
Ministry of Finance, Department of Revenue, Room No.55, North Block, New Delhi-110001
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Source: Lawctopus
