The authority empowered to prescribe the procedure under Section 15 of the Prevention of Money…
Section 15 says "The Central Government may, in consultation with the Reserve Bank of India, prescribe the procedure and the manner of maintaining and furnishing…
Choose your answer
The authority empowered to prescribe the procedure under Section 15 of the Prevention of Money Laundering Act, 2002 is-
Answer and explanation
Correct answer C
Section 15 says "The Central Government may, in consultation with the Reserve Bank of India, prescribe the procedure and the manner of maintaining and furnishing information". Neither the RBI nor the Director prescribes it alone.