The authorised representative under Section 39(1) of the Prevention of Money Laundering Act, 2002 is…
The Explanation to PMLA s.39(1) adopts the meaning of "authorised representative" in s.288(2) of the Income-tax Act, 1961. Chartered accountants and legal practitioners fall…
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The authorised representative under Section 39(1) of the Prevention of Money Laundering Act, 2002 is defined by reference to:
Answer and explanation
Correct answer C
The Explanation to PMLA s.39(1) adopts the meaning of "authorised representative" in s.288(2) of the Income-tax Act, 1961. Chartered accountants and legal practitioners fall within that definition, but the term is not taken from the Chartered Accountants Act, the Bar Council rules or the CPC.
Current law: the Income-tax Act, 1961 has since been replaced by the Income-tax Act, 2025.