Under the Prevention of Money-laundering Act, 2002, when the office of Chairperson of the Adjudicating…
Section 6(13) provides that when the office of Chairperson falls vacant by reason of death, resignation, or otherwise, the senior-most Member shall act as Chairperson until…
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Under the Prevention of Money-laundering Act, 2002, when the office of Chairperson of the Adjudicating Authority falls vacant due to death or resignation, who acts as Chairperson?
Answer and explanation
Correct answer C
Section 6(13) provides that when the office of Chairperson falls vacant by reason of death, resignation, or otherwise, the senior-most Member shall act as Chairperson until a new Chairperson enters upon office, not a Central Government nominee, the junior-most Member, or a Registrar.