The effect of Section 11(3) of the Prevention of Money Laundering Act, 2002 is that false evidence…
PMLA s.11(3) deems proceedings before the Adjudicating Authority under section 11(2) to be judicial proceedings, so giving false evidence there attracts the penal provisions…
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The effect of Section 11(3) of the Prevention of Money Laundering Act, 2002 is that false evidence before Adjudicating Authority-
Answer and explanation
Correct answer D
PMLA s.11(3) deems proceedings before the Adjudicating Authority under section 11(2) to be judicial proceedings, so giving false evidence there attracts the penal provisions of the Bharatiya Nyaya Sanhita, 2023, such as section 229 BNS (formerly section 193 IPC), rather than having no consequence, being merely civil, or being ignored.