The purpose of Section 20 of the Prevention of Money Laundering Act, 2002 is-
Section 20 allows seized or frozen property to be retained for up to 180 days, extendable only with the Adjudicating Authority's permission, for the purposes of…
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The purpose of Section 20 of the Prevention of Money Laundering Act, 2002 is-
Answer and explanation
Correct answer B
Section 20 allows seized or frozen property to be retained for up to 180 days, extendable only with the Adjudicating Authority's permission, for the purposes of "adjudication under section 8". Confiscation is a separate step under s.8(5) or (7).