Section 9 of the Prevention of Money-Laundering Act, 2002 deals with-
Section 9 is headed "Vesting of property in Central Government" and provides that on confiscation all rights and title in the property vest absolutely in the Central…
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Section 9 of the Prevention of Money-Laundering Act, 2002 deals with-
Answer and explanation
Correct answer B
Section 9 is headed "Vesting of property in Central Government" and provides that on confiscation all rights and title in the property vest absolutely in the Central Government. Provisional attachment is in section 5, restoration to claimants in section 8(8), and appeals to the Appellate Tribunal in section 26.