Provisional attachment under Section 5 of the Prevention of Money Laundering Act, 2002 is-
Since section 5(1) speaks of "provisional" attachment for a maximum period and section 5(3) provides for it to cease on expiry of that period or a section 8(3) order, this…
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Provisional attachment under Section 5 of the Prevention of Money Laundering Act, 2002 is-
Answer and explanation
Correct answer B
Since section 5(1) speaks of "provisional" attachment for a maximum period and section 5(3) provides for it to cease on expiry of that period or a section 8(3) order, this attachment is temporary in nature pending adjudication, not a final confiscation, civil attachment, or punitive measure by itself.