Under the Prevention of Money-laundering Act, 2002, recognised stock exchanges referred to in which Act…
Section 2(1)(n)(iv) incorporates the SCRA definition in section 2(f). Other limbs address SEBI registration and retain a historical reference to the Forward Contracts Act.…
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Under the Prevention of Money-laundering Act, 2002, recognised stock exchanges referred to in which Act are considered intermediaries?
Answer and explanation
Correct answer A
Section 2(1)(n)(iv) incorporates the SCRA definition in section 2(f). Other limbs address SEBI registration and retain a historical reference to the Forward Contracts Act. The latter 1952 enactment was repealed in 2015; it does not replace the SCRA cross-reference in that provision.