The first proviso to Section 9 of the Prevention of Money Laundering Act, 2002 applies when-
The first proviso to section 9 applies where "any encumbrance on the property or lease-hold interest has been created with a view to defeat the provisions of this Chapter";…
Choose your answer
The first proviso to Section 9 of the Prevention of Money Laundering Act, 2002 applies when-
Answer and explanation
Correct answer C
The first proviso to section 9 applies where "any encumbrance on the property or lease-hold interest has been created with a view to defeat the provisions of this Chapter"; that encumbrance or lease-hold interest may then be declared void. Attachment, seizure and restoration are dealt with under other provisions.