Vesting of property under Section 9 of the Prevention of Money Laundering Act, 2002 is-
Under PMLA s.9, vesting of confiscated property in the Central Government is free from all encumbrances, so pre-existing charges or lease rights do not survive it.
Choose your answer
Vesting of property under Section 9 of the Prevention of Money Laundering Act, 2002 is-
Answer and explanation
Correct answer B
Under PMLA s.9, vesting of confiscated property in the Central Government is free from all encumbrances, so pre-existing charges or lease rights do not survive it.