Under the Prevention of Money-laundering Act, 2002, scheduled offences under Part B are included if:
Section 2(1)(y)(ii) makes Part B offences scheduled offences only "if the total value involved in such offences is one crore rupees or more". Smaller amounts such as thirty…
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Under the Prevention of Money-laundering Act, 2002, scheduled offences under Part B are included if:
Answer and explanation
Correct answer C
Section 2(1)(y)(ii) makes Part B offences scheduled offences only "if the total value involved in such offences is one crore rupees or more". Smaller amounts such as thirty or fifty lakh rupees do not bring a Part B offence within the definition, and no higher figure is required.