Section 41 of the Prevention of Money Laundering Act, 2002 is similar in nature to provisions found in:
PMLA s.41 declares that "no civil court shall have jurisdiction" over matters reserved to its statutory authorities. Comparable ouster clauses occur in special economic laws…
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Section 41 of the Prevention of Money Laundering Act, 2002 is similar in nature to provisions found in:
Answer and explanation
Correct answer C
PMLA s.41 declares that "no civil court shall have jurisdiction" over matters reserved to its statutory authorities. Comparable ouster clauses occur in special economic laws such as SAFEMA and FEMA; ordinary contract, tort and property disputes generally remain within civil jurisdiction.