The minimum 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 is not less than ten thousand rupees, so lower amounts such as one thousand or five thousand rupees fall short…
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The minimum penalty under Section 13(2)(d) of the Prevention of Money Laundering Act, 2002 is-
Answer and explanation
Correct answer C
Under PMLA s.13(2)(d), the monetary penalty for each failure is not less than ten thousand rupees, so lower amounts such as one thousand or five thousand rupees fall short of the statutory minimum.