If an encumbrance is found to be created to defeat the provisions of the Prevention of Money-laundering…
Under the proviso to PMLA s.9, an encumbrance created to defeat the Act's provisions may be declared void, not merely irregular, voidable or suspended.
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If an encumbrance is found to be created to defeat the provisions of the Prevention of Money-laundering Act, 2002, it may be declared-
Answer and explanation
Correct answer B
Under the proviso to PMLA s.9, an encumbrance created to defeat the Act's provisions may be declared void, not merely irregular, voidable or suspended.