The closure report under Section 44(1)(b) of the Prevention of Money Laundering Act, 2002 is submitted:
The proviso to PMLA s.44(1)(b) requires that "after conclusion of investigation, if no offence of money-laundering is made out", the authority "shall submit a closure report…
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The closure report under Section 44(1)(b) of the Prevention of Money Laundering Act, 2002 is submitted:
Answer and explanation
Correct answer C
The proviso to PMLA s.44(1)(b) requires that "after conclusion of investigation, if no offence of money-laundering is made out", the authority "shall submit a closure report before the Special Court". It is not filed during or after trial.