For invoking the second proviso to Section 5(1) of the Prevention of Money Laundering Act, 2002, the…
The second proviso to section 5(1) requires the officer invoking it to record the reasons for his belief in writing, on the basis of material in his possession, rather than…
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For invoking the second proviso to Section 5(1) of the Prevention of Money Laundering Act, 2002, the officer must-
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Correct answer B
The second proviso to section 5(1) requires the officer invoking it to record the reasons for his belief in writing, on the basis of material in his possession, rather than obtaining court permission, giving a prior hearing, or publishing notice.