Under the Prevention of Money-laundering Act, 2002, a company registered outside India controlling a…
Under the Explanation to section 2(1)(rc), a company, firm, association, or juridical person incorporated or registered outside India that owns, controls, or manages a…
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Under the Prevention of Money-laundering Act, 2002, a company registered outside India controlling a payment system in India is:
Answer and explanation
Correct answer B
Under the Explanation to section 2(1)(rc), a company, firm, association, or juridical person incorporated or registered outside India that owns, controls, or manages a payment system's activities in India is treated as its "overseas principal", not a domestic company or RBI entity.