Under the Prevention of Money-laundering Act, 2002, does "property" include deeds and instruments…
Section 2(1)(v) says property includes "deeds and instruments evidencing title to, or interest in, such property or assets, wherever located". The deeds need not be in India…
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Under the Prevention of Money-laundering Act, 2002, does "property" include deeds and instruments evidencing title?
Answer and explanation
Correct answer D
Section 2(1)(v) says property includes "deeds and instruments evidencing title to, or interest in, such property or assets, wherever located". The deeds need not be in India or in the custody of a bank.