Notice under Section 8(1) of the Prevention of Money Laundering Act, 2002 calls upon the person to-
Section 8(1) calls on the person "to indicate the sources of his income, earning or assets, out of which or by means of which he has acquired the property", to state the…
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Notice under Section 8(1) of the Prevention of Money Laundering Act, 2002 calls upon the person to-
Answer and explanation
Correct answer C
Section 8(1) calls on the person "to indicate the sources of his income, earning or assets, out of which or by means of which he has acquired the property", to state the evidence relied on, and to show cause why the property should not be declared involved in money-laundering. He is not asked to plead to guilt, deposit security or appear for trial.