Under section 21 of the Prevention of Money-laundering Act, 2002, who can authorize the retention or…
Section 21(3) requires return of the records after 180 days "unless the Adjudicating Authority permits retention or continuation of freezing of such records beyond the said…
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Under section 21 of the Prevention of Money-laundering Act, 2002, who can authorize the retention or continued freezing of records beyond 180 days?
Answer and explanation
Correct answer C
Section 21(3) requires return of the records after 180 days "unless the Adjudicating Authority permits retention or continuation of freezing of such records beyond the said period". Neither the Director nor the Special Court grants that extension.