Exemption under Section 12(5) of the Prevention of Money Laundering Act, 2002 may be granted-
Under PMLA s.12(5), an exemption is granted by notification, not by circular, executive order, or court order.
Choose your answer
Exemption under Section 12(5) of the Prevention of Money Laundering Act, 2002 may be granted-
Answer and explanation
Correct answer B
Under PMLA s.12(5), an exemption is granted by notification, not by circular, executive order, or court order.