Under Section 5(3) of the Prevention of Money Laundering Act, 2002, an attachment order shall cease to…
Section 5(3) says every attachment order "shall cease to have effect after the expiry of the period specified in that sub-section or on the date of an order made under…
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Under Section 5(3) of the Prevention of Money Laundering Act, 2002, an attachment order shall cease to have effect-
Answer and explanation
Correct answer C
Section 5(3) says every attachment order "shall cease to have effect after the expiry of the period specified in that sub-section or on the date of an order made under sub-section (3) of section 8, whichever is earlier". The period specified in section 5(1) is one hundred and eighty days, and the order does not wait for the outcome of the trial.