Minimum period of notice to be served under Section 8(1) of the Prevention of Money Laundering Act,…
Section 8(1) requires the Adjudicating Authority to serve a notice of not less than thirty days on the person concerned, so fifteen, twenty, or sixty days would not satisfy…
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Minimum period of notice to be served under Section 8(1) of the Prevention of Money Laundering Act, 2002 is-
Answer and explanation
Correct answer C
Section 8(1) requires the Adjudicating Authority to serve a notice of not less than thirty days on the person concerned, so fifteen, twenty, or sixty days would not satisfy this minimum notice requirement.