Under the first proviso to section 11A(1) of the Prevention of Money-laundering Act, 2002, the Central…
The first proviso to s.11A(1) allows a notification only if the Central Government is satisfied that the entity complies with the "standards of privacy and security" under…
Choose your answer
Under the first proviso to section 11A(1) of the Prevention of Money-laundering Act, 2002, the Central Government's permission to a reporting entity other than a banking company to perform Aadhaar authentication can be granted only if the reporting entity-
Answer and explanation
Correct answer C
The first proviso to s.11A(1) allows a notification only if the Central Government is satisfied that the entity complies with the "standards of privacy and security" under the Aadhaar Act and that it is "necessary and expedient" to permit it. Government ownership, RBI directions or court approval are not the test.