Section 40 of the Prevention of Money Laundering Act, 2002 creates a statutory status for the purposes…
PMLA s.40 deems the listed persons public servants "within the meaning of section 21 of the Indian Penal Code", so the status operates for the IPC provisions concerning…
Choose your answer
Section 40 of the Prevention of Money Laundering Act, 2002 creates a statutory status for the purposes of:
Answer and explanation
Correct answer C
PMLA s.40 deems the listed persons public servants "within the meaning of section 21 of the Indian Penal Code", so the status operates for the IPC provisions concerning public servants. It confers no powers of arrest and no service benefits.
Current law: the IPC definition is now in s.2(28) of the Bharatiya Nyaya Sanhita, 2023.