The third proviso to Section 5(1) of the Prevention of Money Laundering Act, 2002 relates to-
The third proviso to section 5(1) says that "for the purposes of computing the period of one hundred and eighty days", the period of a stay by the High Court is excluded and…
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The third proviso to Section 5(1) of the Prevention of Money Laundering Act, 2002 relates to-
Answer and explanation
Correct answer A
The third proviso to section 5(1) says that "for the purposes of computing the period of one hundred and eighty days", the period of a stay by the High Court is excluded and a further period of up to thirty days from vacation of the stay is counted. Enjoyment of attached immovable property is protected by section 5(4), not by this proviso.