The Explanation to section 45 of the Prevention of Money-laundering Act, 2002 applies:
The Explanation to PMLA s.45 says the cognizable-and-non-bailable classification shall mean and shall be deemed to have always meant that all offences under the Act are…
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The Explanation to section 45 of the Prevention of Money-laundering Act, 2002 applies:
Answer and explanation
Correct answer B
The Explanation to PMLA s.45 says the cognizable-and-non-bailable classification shall mean and shall be deemed to have always meant that all offences under the Act are cognizable and non-bailable, so it operates retrospectively, not prospectively, temporarily, or conditionally.