In section 9 of the Prevention of Money-laundering Act, 2002, the phrase "shall vest absolutely"…
The words "shall vest absolutely" in PMLA s.9 use mandatory language, so vesting is compulsory and complete on confiscation, not discretionary, temporary or conditional.
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In section 9 of the Prevention of Money-laundering Act, 2002, the phrase "shall vest absolutely" indicates-
Answer and explanation
Correct answer B
The words "shall vest absolutely" in PMLA s.9 use mandatory language, so vesting is compulsory and complete on confiscation, not discretionary, temporary or conditional.