Section 13 of the Prevention of Money-laundering Act, 2002 empowers the Director to act-
Section 13(1) lets the Director inquire "either of his own motion or on an application made by any authority, officer or person". He needs no prior court order, RBI…
Choose your answer
Section 13 of the Prevention of Money-laundering Act, 2002 empowers the Director to act-
Answer and explanation
Correct answer A
Section 13(1) lets the Director inquire "either of his own motion or on an application made by any authority, officer or person". He needs no prior court order, RBI direction or sanction.