The forwarding of order and material to the Adjudicating Authority under Section 20 of the Prevention…
Under s.20(2) the Adjudicating Authority "shall keep such order and material for such period as may be prescribed", which places the officer's recorded reasons before it…
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The forwarding of order and material to the Adjudicating Authority under Section 20 of the Prevention of Money Laundering Act, 2002 is for-
Answer and explanation
Correct answer B
Under s.20(2) the Adjudicating Authority "shall keep such order and material for such period as may be prescribed", which places the officer's recorded reasons before it when it later decides on retention and adjudication under s.8. Confiscation follows only an order under s.8(5) or (7).