Orders referred to in Section 10(2) of the Prevention of Money Laundering Act, 2002 include orders…
Section 10(2) specifies the orders in sections 8(5), 8(6), 8(7), 58B and 60(2A). These are not all confiscation provisions: 8(6) provides release when laundering has not…
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Orders referred to in Section 10(2) of the Prevention of Money Laundering Act, 2002 include orders passed under-
Answer and explanation
Correct answer C
Section 10(2) specifies the orders in sections 8(5), 8(6), 8(7), 58B and 60(2A). These are not all confiscation provisions: 8(6) provides release when laundering has not occurred or property is uninvolved. Management under 10(2) must be distinguished from disposal of vested property under 10(3).