Under section 20 of the Prevention of Money-laundering Act, 2002, before authorising retention beyond…
Section 20(4) requires the Adjudicating Authority to "satisfy himself that the property is prima facie involved in money-laundering and the property is required for the…
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Under section 20 of the Prevention of Money-laundering Act, 2002, before authorising retention beyond 180 days, the Adjudicating Authority must satisfy that-
Answer and explanation
Correct answer C
Section 20(4) requires the Adjudicating Authority to "satisfy himself that the property is prima facie involved in money-laundering and the property is required for the purposes of adjudication under section 8". The nature of the property or its owner is not the test.