Section 1(3) of the Prevention of Money Laundering Act, 2002 allows the Central Government to:
Section 1(3) lets the Central Government appoint the date of commencement by notification, and "different dates may be appointed for different provisions of this Act". It…
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Section 1(3) of the Prevention of Money Laundering Act, 2002 allows the Central Government to:
Answer and explanation
Correct answer A
Section 1(3) lets the Central Government appoint the date of commencement by notification, and "different dates may be appointed for different provisions of this Act". It gives no power to exempt a State, suspend the Act or bring it into force with retrospective effect.