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      Question

      Under the PMLA, the Appellate Tribunal that hears

      appeals is the same tribunal that also hears appeals under which other Act (after merger)?
      A The RTI Act Correct Answer Incorrect Answer
      B The Companies Act Correct Answer Incorrect Answer
      C FEMA (the Appellate Tribunal under SAFEMA/FEMA framework) Correct Answer Incorrect Answer
      D The NI Act Correct Answer Incorrect Answer
      E The SARFAESI Act Correct Answer Incorrect Answer

      Solution

      Following administrative reforms, the Appellate Tribunal under the Prevention of Money Laundering Act has been aligned with the Appellate Tribunal that hears appeals under the foreign exchange and smugglers and foreign exchange manipulators framework, consolidating the appellate machinery for these related financial laws. This integration streamlines the handling of appeals arising under the PMLA and FEMA-related provisions. The common tribunal hears appeals against orders such as those relating to attachment and confiscation.

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