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Question

Under the Prevention of Money-Laundering Act, 2002 the Appellate Tribunal constituted under the ________________ shall act as the Appellate Tribunal for hearing appeals against the orders of the Adjudicating Authority and the other authorities under this Act?

A Appellate Tribunal constituted under section 12 (11) of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 Correct Answer Incorrect Answer
B Appellate Tribunal constituted under section 12 (1) of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 Correct Answer Incorrect Answer
C Appellate Tribunal constituted under section 10 of the Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 Correct Answer Incorrect Answer
D The Appellate Tribunal as will be constituted by the Central Government under the Prevention of Money-Laundering Act, 2002 Correct Answer Incorrect Answer

Solution

Section 25 Appellate Tribunal - The Appellate Tribunal constituted under sub-section (1) of section 12 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 shall be the Appellate Tribunal for hearing appeals against the orders of the Adjudicating Authority and the other authorities under this Act

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