Lease-hold interest created to defeat the Prevention of Money-laundering Act, 2002 can be-
Under the first proviso to PMLA s.9, a lease-hold interest created to defeat the Act's provisions can be declared void, rather than regularised, continued till expiry, or…
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Lease-hold interest created to defeat the Prevention of Money-laundering Act, 2002 can be-
Answer and explanation
Correct answer A
Under the first proviso to PMLA s.9, a lease-hold interest created to defeat the Act's provisions can be declared void, rather than regularised, continued till expiry, or converted into freehold.