Under the Prevention of Money-laundering Act, 2002, which power can be exercised by the Appellate…
Clause (i) of PMLA s.35(2) extends the Appellate Tribunal's civil-court powers to "any other matter which may be prescribed by the Central Government". Searches, sanction…
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Under the Prevention of Money-laundering Act, 2002, which power can be exercised by the Appellate Tribunal if prescribed by the Central Government?
Answer and explanation
Correct answer B
Clause (i) of PMLA s.35(2) extends the Appellate Tribunal's civil-court powers to "any other matter which may be prescribed by the Central Government". Searches, sanction for prosecution and the creation of offences lie outside that residuary clause.