Under the Prevention of Money Laundering Act (PMLA), the word "attachment" involves
Under Section 2(1)(d) of the PMLA, attachment means the prohibition of transfer, conversion, disposition or movement of property by an order, i.e. "Temporarily restricting…
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Under the Prevention of Money Laundering Act (PMLA), the word "attachment" involves
Answer and explanation
Correct answer B
Under Section 2(1)(d) of the PMLA, attachment means the prohibition of transfer, conversion, disposition or movement of property by an order, i.e. "Temporarily restricting transfer, conversion, disposition, or movement of property suspected to be derived from criminal activities", pending adjudication.
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PU-CET PG LLM