Section 25 of the Prevention of Money-laundering Act, 2002 refers to subsection (1) of Section 12 of…
PMLA s.25 refers to the Appellate Tribunal "constituted under sub-section (1) of section 12" of SAFEMA, the 1976 law on forfeiture of the property of smugglers and foreign…
Choose your answer
Section 25 of the Prevention of Money-laundering Act, 2002 refers to subsection (1) of Section 12 of which Act?
Answer and explanation
Correct answer C
PMLA s.25 refers to the Appellate Tribunal "constituted under sub-section (1) of section 12" of SAFEMA, the 1976 law on forfeiture of the property of smugglers and foreign exchange manipulators. COFEPOSA, 1974 is the related detention law, and PMLA itself creates no separate tribunal.