Under the Prevention of Money-laundering Act, 2002, who may be designated by the Central Government as…
Section 2(1)(sa)(vi) is a residuary clause covering a person carrying on "such other activities as the Central Government may, by notification, so designate, from time to…
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Under the Prevention of Money-laundering Act, 2002, who may be designated by the Central Government as a person carrying on other activities?
Answer and explanation
Correct answer B
Section 2(1)(sa)(vi) is a residuary clause covering a person carrying on "such other activities as the Central Government may, by notification, so designate, from time to time". The power is not limited to RBI-regulated or State-licensed persons, and the Schedule lists offences, not businesses.