Question

As per the Prevention of Money-Laundering Act, 2002 whoever commits the offence of money-laundering shall be punishable with _________________

Q: Answer-As per the Prevention of Money-Laundering Act, 2002 whoever commits the offence of money-laundering...

Section 4 Punishment for money-laundering

A Rigorous imprisonment for a term which shall not be less than three years

B Fine of one lakh rupees but which may extend to five lakh rupees

C Rigorous imprisonment for a term which shall not be less than three years but which may extend to seven years and shall also be liable to fine

D Rigorous imprisonment for a term which shall not be less than three years but which may extend to seven years and shall also be liable to fine which may extend to five lakh rupees

E None of the above

Practice Next

More Administrative Interpretation and Maxims Questions

The relation of Partnership arises from :
Partnership at will is a partnership
The term resolution professional has been defined under the IBC as_______________
Which one of the following sections of the Indian Penal Code relates with punishment for counterfeiting currency notes or Bank notes?
Which of the following is a tort of trespass to person?
Defamation is a tort that involves:
Bar of Limitation is available against :
A guarantee which extends to a series of transactions, is called a________________
In case vacancy in the office of the Key managerial Personnel then it shall be filled up by the ________________ within a period of _________________
How is the concept of Strict Liability in torts commonly referred to?

Relevant for Exams:

UBI SO LAW Officer

Hey! Ask a query

As per the Prevention of Money-Laundering Act, 2002 whoever commits the offence of money-laundering shall be punishable with _________________

Detailed Solution

More Administrative Interpretation and Maxims Questions

Relevant for Exams:

Hey! Ask a query

Please Register/Login