The Administrator’s disposal power under section 10(3) of the Prevention of Money-laundering Act, 2002…
Section 10(3) requires the Administrator to take measures directed by the Central Government to dispose of property vested in it under section 9. This disposal power is…
Choose your answer
The Administrator’s disposal power under section 10(3) of the Prevention of Money-laundering Act, 2002 concerns property at which stage?
Answer and explanation
Correct answer A
Section 10(3) requires the Administrator to take measures directed by the Central Government to dispose of property vested in it under section 9. This disposal power is distinct from the wider management functions in section 10(2). The latter expressly refers to release orders under section 8(6), so not every function in section 10 can be treated as requiring prior vesting.