The authority under Section 16 of the Prevention of Money Laundering Act, 2002 can exercise the power…
Section 16(1) requires material in the authority possession and written reasons supporting belief that a section 3 offence has occurred. Oral information may contribute to…
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The authority under Section 16 of the Prevention of Money Laundering Act, 2002 can exercise the power of survey when-
Answer and explanation
Correct answer D
Section 16(1) requires material in the authority possession and written reasons supporting belief that a section 3 offence has occurred. Oral information may contribute to material; the defect in the alternative is the absence of the required recorded belief, not its oral form.