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Start learning 50% faster. Sign in nowUnder the Prevention of Money Laundering Act, 2002 (PMLA), money laundering is punishable with imprisonment for a term that may extend up to 10 years, along with a fine. The Act aims to combat money laundering and to regulate the process of investigation, attachment of property, and prosecution of individuals involved in such illegal activities. • The law is designed to tackle the illicit transfer of money through illegal means, including corruption, fraud, and drug trafficking, and to prevent the conversion of illegally acquired wealth into legitimate assets.
A and B started a business by investing Rs. 12,000 and Rs. 18,000 respectively. A also worked as the active manager and for that he is entitled to recei...
Rs. X is invested in a scheme offering 250/4% p.a. for 2 years. The total amount received is Rs. 40,495. If Rs. (X + 3,000) is invested in another schem...
P started a business with an investment of Rs.10000, after 6 months Q joined him with Rs.12000 and after another 6 months R joined them with Rs.15000. I...
T, R and S entered into a business together for 2 years. T invests twice the amount Funded by R. R invests 2000 more than S. Out of the total profit o...
A and B together start a business with investment of Rs. 1800 and Rs. (x + 900), respectively. If the profit earned after 5 years is Rs. 7000 and share ...
A and B together started a business with initial investment in the ratio of 1:13, respectively. The time-period of investment for A and B is in t...
Manoj and Naveen started a business with the investment of Rs. (y-900) and Rs. (y+1300) respectively. After four months of the start of business, the in...
'Kevin' began a business with Rs.14,000. 'Liam' joined after 'c' months with Rs.21,000. Given their profit ratio by year-end was 14:21, find c2
A and B started a business. After 3 years they received Rs 1245 as profit in which A's share is Rs 720, then find the ratio of investment of A and B.
M and N started a business by investing Rs.4500 and Rs.5600 respectively. After 5 months, M and N increased their investments by 40% and Rs.1500 respect...
