Section 24 of the Prevention of Money Laundering Act, 2002 applies in proceedings:
PMLA s.24 opens with "In any proceeding relating to proceeds of crime under this Act", so its presumptions apply in trial, adjudication and appeal alike. Confining it to one…
Choose your answer
Section 24 of the Prevention of Money Laundering Act, 2002 applies in proceedings:
Answer and explanation
Correct answer C
PMLA s.24 opens with "In any proceeding relating to proceeds of crime under this Act", so its presumptions apply in trial, adjudication and appeal alike. Confining it to one forum misreads those opening words.