The explanation under Section 16 of the Prevention of Money Laundering Act, 2002 states that "place"…
The Explanation to s.16(1) extends "place" to "any other place, whether any activity is carried on therein or not, in which the person carrying on such activity states that…
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The explanation under Section 16 of the Prevention of Money Laundering Act, 2002 states that "place" includes-
Answer and explanation
Correct answer D
The Explanation to s.16(1) extends "place" to "any other place, whether any activity is carried on therein or not, in which the person carrying on such activity states that any of his records or any part of his property relating to such act are or is kept". Ownership or a warrant is not the test.