Who must be satisfied to rebut the presumption under Section 23 of the Prevention of Money Laundering…
The PMLA s.23 presumption operates "unless otherwise proved to the satisfaction of the Adjudicating Authority or the Special Court". The investigating side and the appellate…
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Who must be satisfied to rebut the presumption under Section 23 of the Prevention of Money Laundering Act, 2002?
Answer and explanation
Correct answer C
The PMLA s.23 presumption operates "unless otherwise proved to the satisfaction of the Adjudicating Authority or the Special Court". The investigating side and the appellate forums are not the bodies whose satisfaction the section names.