Which statute is expressly cross-referenced in Section 39 of the Prevention of Money Laundering Act,…
The Explanation to PMLA s.39(1) expressly cross-refers to sub-section (2) of section 288 of the Income-tax Act, 1961 to define authorised representative, not the CrPC, CPC,…
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Which statute is expressly cross-referenced in Section 39 of the Prevention of Money Laundering Act, 2002?
Answer and explanation
Correct answer C
The Explanation to PMLA s.39(1) expressly cross-refers to sub-section (2) of section 288 of the Income-tax Act, 1961 to define authorised representative, not the CrPC, CPC, or Companies Act.
Current law: the Income-tax Act, 1961 has since been replaced by the Income-tax Act, 2025.