A frozen property under Section 17(1A) of the Prevention of Money Laundering Act, 2002 can be-
The proviso to s.17(1A) says that if, "at any time before its confiscation", it becomes practical to seize a frozen property, the authorised officer may seize it. Until then…
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A frozen property under Section 17(1A) of the Prevention of Money Laundering Act, 2002 can be-
Answer and explanation
Correct answer A
The proviso to s.17(1A) says that if, "at any time before its confiscation", it becomes practical to seize a frozen property, the authorised officer may seize it. Until then it cannot be transferred or dealt with without the officer's prior permission.