The prescribed procedure under Section 15 of the Prevention of Money Laundering Act, 2002 is necessary…
Section 15 expressly says the procedure is prescribed "for the purpose of implementing the provisions of this Act". Exemptions are granted under s.12(5) by notification, not…
Choose your answer
The prescribed procedure under Section 15 of the Prevention of Money Laundering Act, 2002 is necessary for-
Answer and explanation
Correct answer A
Section 15 expressly says the procedure is prescribed "for the purpose of implementing the provisions of this Act". Exemptions are granted under s.12(5) by notification, not through s.15, and trials belong to the Special Court.