Under section 5(1) of the Prevention of Money-laundering Act, 2002, after vacation of stay by the High…
Once a High Court stay is vacated, the same proviso to section 5(1) allows a further period not exceeding thirty days, counted from the date of the vacation order, to be…
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Under section 5(1) of the Prevention of Money-laundering Act, 2002, after vacation of stay by the High Court, an additional period not exceeding how many days is allowed?
Answer and explanation
Correct answer B
Once a High Court stay is vacated, the same proviso to section 5(1) allows a further period not exceeding thirty days, counted from the date of the vacation order, to be added for completing the attachment process, not fifteen, forty-five, or sixty days.