Disposal of property under Section 10(3) of the Prevention of Money Laundering Act, 2002 is done-
Under PMLA s.10(3), disposal of confiscated property is carried out as the Central Government may direct, not on the ED's recommendation, the Adjudicating Authority's…
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Disposal of property under Section 10(3) of the Prevention of Money Laundering Act, 2002 is done-
Answer and explanation
Correct answer D
Under PMLA s.10(3), disposal of confiscated property is carried out as the Central Government may direct, not on the ED's recommendation, the Adjudicating Authority's decision, or a court decree.