Under the Prevention of Money-laundering Act, 2002, for appointment as Member of the Adjudicating…
Section 6(3)(b) says a person shall not be qualified as a Member in the field of finance, accountancy or administration "unless he possesses such qualifications, as may be…
Choose your answer
Under the Prevention of Money-laundering Act, 2002, for appointment as Member of the Adjudicating Authority in finance, accountancy or administration, a person must-
Answer and explanation
Correct answer C
Section 6(3)(b) says a person shall not be qualified as a Member in the field of finance, accountancy or administration "unless he possesses such qualifications, as may be prescribed" by rules. The Act itself does not require chartered accountancy, service in the IAS or IRS, or any particular rank.