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      Question

      Under the PMLA, a provisional attachment order is valid

      for a maximum period of how many days?
      A 30 days Correct Answer Incorrect Answer
      B 120 days Correct Answer Incorrect Answer
      C One year Correct Answer Incorrect Answer
      D 90 days Correct Answer Incorrect Answer
      E 180 days Correct Answer Incorrect Answer

      Solution

      Under Section 5 of the Prevention of Money Laundering Act, an order of provisional attachment of property remains in force for a period not exceeding one hundred eighty days from the date of the order, unless confirmed by the Adjudicating Authority. Within this period, the matter must be placed before the Adjudicating Authority for confirmation. This time limit ensures that attachment is subject to timely adjudication and that the rights of the person whose property is attached are determined within a defined period.

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