The Appellate Tribunal under Section 25 of the Prevention of Money-laundering Act, 2002 is constituted…
PMLA s.25 adopts the Appellate Tribunal "constituted under sub-section (1) of section 12" of SAFEMA, the 1976 law on forfeiture of the property of smugglers and foreign…
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The Appellate Tribunal under Section 25 of the Prevention of Money-laundering Act, 2002 is constituted under which Act?
Answer and explanation
Correct answer B
PMLA s.25 adopts the Appellate Tribunal "constituted under sub-section (1) of section 12" of SAFEMA, the 1976 law on forfeiture of the property of smugglers and foreign exchange manipulators. COFEPOSA, 1974 is the preventive-detention law to which SAFEMA is linked, but it does not constitute this Tribunal.