The discretionary presumption under Section 24(b) of the Prevention of Money Laundering Act, 2002 is…
PMLA s.24(b) uses may presume for persons other than the accused under s.3, so the Authority or Court applies the presumption only when it considers it necessary, unlike the…
Choose your answer
The discretionary presumption under Section 24(b) of the Prevention of Money Laundering Act, 2002 is applied:
Answer and explanation
Correct answer A
PMLA s.24(b) uses may presume for persons other than the accused under s.3, so the Authority or Court applies the presumption only when it considers it necessary, unlike the mandatory presumption in s.24(a).