The maximum penalty under Section 13(2)(d) of the Prevention of Money Laundering Act, 2002 is-
Under PMLA s.13(2)(d), the monetary penalty for each failure may extend up to one lakh rupees, not fifty thousand, five lakh, or ten lakh rupees.
Choose your answer
The maximum penalty under Section 13(2)(d) of the Prevention of Money Laundering Act, 2002 is-
Answer and explanation
Correct answer B
Under PMLA s.13(2)(d), the monetary penalty for each failure may extend up to one lakh rupees, not fifty thousand, five lakh, or ten lakh rupees.