Under the Prevention of Money-laundering Act, 2002, does "person" include artificial juridical persons?
Section 2(1)(s)(vi) expressly includes within "person" every artificial juridical person not falling within the other listed sub-clauses, so such entities are covered…
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Under the Prevention of Money-laundering Act, 2002, does "person" include artificial juridical persons?
Answer and explanation
Correct answer A
Section 2(1)(s)(vi) expressly includes within "person" every artificial juridical person not falling within the other listed sub-clauses, so such entities are covered generally and not restricted to those based in India or government-owned.