Property can be retained under Section 20 of the Prevention of Money Laundering Act, 2002 if-
Section 20(1) applies to property "seized under section 17 or section 18 or frozen under sub-section (1A) of section 17" where the authorised officer has recorded reason to…
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Property can be retained under Section 20 of the Prevention of Money Laundering Act, 2002 if-
Answer and explanation
Correct answer C
Section 20(1) applies to property "seized under section 17 or section 18 or frozen under sub-section (1A) of section 17" where the authorised officer has recorded reason to believe it is "required to be retained for the purposes of adjudication under section 8". Retention then runs for up to 180 days.