The notice under Section 8(1) of the Prevention of Money Laundering Act, 2002 relates to property which…
Section 8(1) covers property "attached under sub-section (1) of section 5 or seized or frozen under section 17 or section 18". Property merely seized by the police under the…
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The notice under Section 8(1) of the Prevention of Money Laundering Act, 2002 relates to property which is-
Answer and explanation
Correct answer B
Section 8(1) covers property "attached under sub-section (1) of section 5 or seized or frozen under section 17 or section 18". Property merely seized by the police under the CrPC, held in a Magistrate's custody or involved in a civil suit is outside the notice.