The procedure under Section 15 of the Prevention of Money Laundering Act, 2002 is prescribed-
Section 15 places the power with the Central Government, which acts "in consultation with the Reserve Bank of India". The Director, the courts and the entities themselves do…
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The procedure under Section 15 of the Prevention of Money Laundering Act, 2002 is prescribed-
Answer and explanation
Correct answer A
Section 15 places the power with the Central Government, which acts "in consultation with the Reserve Bank of India". The Director, the courts and the entities themselves do not set the procedure.