Section 1(3) of the Prevention of Money-laundering Act, 2002 mentions that the Act shall come into force:
Section 1(3) says the Act "shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint". It did not start on assent,…
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Section 1(3) of the Prevention of Money-laundering Act, 2002 mentions that the Act shall come into force:
Answer and explanation
Correct answer D
Section 1(3) says the Act "shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint". It did not start on assent, and neither the RBI nor the State Governments fix its commencement.