After completion of a survey under Section 16 of the Prevention of Money Laundering Act, 2002, the…
Section 16(2) requires the authority, "immediately after completion of survey", to forward a copy of the reasons recorded and the material in his possession "to the…
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After completion of a survey under Section 16 of the Prevention of Money Laundering Act, 2002, the authority must-
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Correct answer A
Section 16(2) requires the authority, "immediately after completion of survey", to forward a copy of the reasons recorded and the material in his possession "to the Adjudicating Authority in a sealed envelope". A survey under s.16 permits inspection, not seizure, which needs s.17.