Question
Under the PMLA, a 'reporting entity' includes which of
the following?Solution
Under Section 2 of the Prevention of Money Laundering Act, a reporting entity means a banking company, financial institution, intermediary, or a person carrying on a designated business or profession. Designated businesses and professions include, for example, certain dealers in precious metals and stones and others as notified. Reporting entities bear the compliance obligations relating to client verification, record-keeping and reporting. The wide definition extends anti-money-laundering obligations across the financial and certain non-financial sectors.
Under what conditions can a court allow amendments to pleadings during proceedings?
Article 21: “No person shall be deprived of his life or personal liberty except according to procedure established by law.”
Consider:
...
Under the Constitution of India, provision to disqualification on ground of defection is made:-
Act to which a person is compelled to do it by threat is a defence under which section of the IPC?
Which Article of the Constitution places a bar on courts from questioning the validity of any law relating to delimitation of constituencies or allotmen...
Acts of necessity are covered as a valid defence under which section of the IPC?
Which of the following statements accurately reflects the constitutional status of Part 9B (Cooperative Societies) after the Supreme Court's judgment in...
Which of the following phrases is not part of the Preamble of the Indian Constitution?
Right to private defence is covered under which sections of IPC?
Article 20(1) states: “No person shall be convicted of any offence except for violation of a law in force at the time of the commission of the act.”...
