The ultimate objective of Section 38 of the Prevention of Money Laundering Act, 2002 is to:
PMLA s.38 requires a divided Bench to "state the point or points on which they differ" before the reference is resolved by majority. The mechanism supports reasoned…
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The ultimate objective of Section 38 of the Prevention of Money Laundering Act, 2002 is to:
Answer and explanation
Correct answer B
PMLA s.38 requires a divided Bench to "state the point or points on which they differ" before the reference is resolved by majority. The mechanism supports reasoned adjudication; it does not restrict the statutory right of appeal to the High Court.