Section 10 of the Prevention of Money-Laundering Act, 2002 deals with-
Section 10 is headed "Management of properties confiscated under this Chapter" and provides for Administrators to receive, manage and dispose of such property. Provisional…
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Section 10 of the Prevention of Money-Laundering Act, 2002 deals with-
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Correct answer A
Section 10 is headed "Management of properties confiscated under this Chapter" and provides for Administrators to receive, manage and dispose of such property. Provisional attachment is under s.5, adjudication under s.8, and appeals lie to the Appellate Tribunal and the High Court under ss.26 and 42.