The legal effect of Section 40 of the Prevention of Money Laundering Act, 2002 is that the listed…
Under PMLA s.40 the listed persons "shall be deemed to be public servants within the meaning of section 21 of the Indian Penal Code", so IPC provisions on public servants…
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The legal effect of Section 40 of the Prevention of Money Laundering Act, 2002 is that the listed persons:
Answer and explanation
Correct answer C
Under PMLA s.40 the listed persons "shall be deemed to be public servants within the meaning of section 21 of the Indian Penal Code", so IPC provisions on public servants apply to them. They do not thereby become judicial or police officers.
Current law: the IPC definition is now in s.2(28) of the Bharatiya Nyaya Sanhita, 2023.