Which tribunal acts as the Appellate Tribunal under Section 25 of the Prevention of Money Laundering…
PMLA s.25 makes "the Appellate Tribunal constituted under sub-section (1) of section 12" of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act,…
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Which tribunal acts as the Appellate Tribunal under Section 25 of the Prevention of Money Laundering Act, 2002?
Answer and explanation
Correct answer D
PMLA s.25 makes "the Appellate Tribunal constituted under sub-section (1) of section 12" of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 (SAFEMA) the Appellate Tribunal under PMLA. The other tribunals hear appeals under company, securities and debt-recovery law.