Retention under Section 20 of the Prevention of Money Laundering Act, 2002 applies to-
Retention under PMLA s.20(1) applies to property that has been seized under ss.17 or 18 as well as property frozen under s.17(1A), so it covers both, not only movable…
Choose your answer
Retention under Section 20 of the Prevention of Money Laundering Act, 2002 applies to-
Answer and explanation
Correct answer B
Retention under PMLA s.20(1) applies to property that has been seized under ss.17 or 18 as well as property frozen under s.17(1A), so it covers both, not only movable property, only immovable property, or only bank accounts.