The first proviso to Section 11A(1) of the Prevention of Money Laundering Act, 2002 empowers the…
Clause (a) of s.11A(1) already allows Aadhaar authentication "if the reporting entity is a banking company". The first proviso lets the Central Government, by notification,…
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The first proviso to Section 11A(1) of the Prevention of Money Laundering Act, 2002 empowers the Central Government to permit Aadhaar authentication by-
Answer and explanation
Correct answer A
Clause (a) of s.11A(1) already allows Aadhaar authentication "if the reporting entity is a banking company". The first proviso lets the Central Government, by notification, permit "a reporting entity other than banking company" to authenticate if it meets the Aadhaar Act's privacy and security standards; no entity gets this automatically.