Under the proviso to section 4 of the Prevention of Money-laundering Act, 2002, the substituted words…
The proviso to section 4 substitutes the words "which may extend to seven years" with "which may extend to ten years" for offences under paragraph 2 of Part A of the…
Choose your answer
Under the proviso to section 4 of the Prevention of Money-laundering Act, 2002, the substituted words are-
Answer and explanation
Correct answer B
The proviso to section 4 substitutes the words "which may extend to seven years" with "which may extend to ten years" for offences under paragraph 2 of Part A of the Schedule, not eight years, ten years mandatorily, or life imprisonment.