Who is empowered to retain or continue the freezing of records under Section 21 of the Prevention of…
Section 21(1) identifies the Investigating Officer or another Director-authorised officer for initial retention or continued freezing of records needed for inquiry. The…
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Who is empowered to retain or continue the freezing of records under Section 21 of the Prevention of Money Laundering Act, 2002?
Answer and explanation
Correct answer B
Section 21(1) identifies the Investigating Officer or another Director-authorised officer for initial retention or continued freezing of records needed for inquiry. The Authority permission is needed for continuation beyond 180 days under 21(3)-(4). This does not exclude the earlier retention-application duties under 17(4)/18(10).