Under Section 12A(1) of the Prevention of Money Laundering Act, 2002, who is empowered to call for…
Under PMLA s.12A(1), it is the Director who is empowered to call for records and information, not the Adjudicating Authority, the Appellate Tribunal, or the Special Court.
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Under Section 12A(1) of the Prevention of Money Laundering Act, 2002, who is empowered to call for records and information?
Answer and explanation
Correct answer A
Under PMLA s.12A(1), it is the Director who is empowered to call for records and information, not the Adjudicating Authority, the Appellate Tribunal, or the Special Court.