Under Section 13(1) of the Prevention of Money Laundering Act, 2002, the Director may initiate an…
Section 13(1) allows the Director to make or cause an inquiry "either of his own motion or on an application made by any authority, officer or person". No sanction or…
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Under Section 13(1) of the Prevention of Money Laundering Act, 2002, the Director may initiate an inquiry-
Answer and explanation
Correct answer D
Section 13(1) allows the Director to make or cause an inquiry "either of his own motion or on an application made by any authority, officer or person". No sanction or approval of a court or the Adjudicating Authority is needed, and the RBI has no special role.