Section 38 of the Prevention of Money Laundering Act, 2002 reflects which nature of Tribunal proceedings?
PMLA s.38's mechanism of reference and majority decision reflects the quasi-judicial nature of Appellate Tribunal proceedings, which adjudicate appeals rather than function…
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Section 38 of the Prevention of Money Laundering Act, 2002 reflects which nature of Tribunal proceedings?
Answer and explanation
Correct answer C
PMLA s.38's mechanism of reference and majority decision reflects the quasi-judicial nature of Appellate Tribunal proceedings, which adjudicate appeals rather than function as purely civil, criminal, or administrative processes.