Question
Under the Prevention of Money Laundering Act (PMLA),
2002, which of the following is the first step in the process of investigation into money laundering?Solution
Under the PMLA, 2002, the process of investigating money laundering begins with the Enforcement Directorate (ED) initiating proceedings upon receiving information that a person has committed an offence of money laundering. • Attachment of property is a later stage where the ED may attach the proceeds of crime. • Filing of a charge sheet and arrest of the accused follow after the investigation has progressed, based on evidence gathered. The Enforcement Directorate plays a crucial role in investigating and prosecuting cases of money laundering, ensuring that illegally acquired assets are traced and dealt with appropriately.
The new concept of One Person Company (OPC) introduced by the Companies Act, 2013 provides that OPC should be registered as a _____________ type of com...
In which set of regulations are the specified forms (e.g., Form A - BS, Form B - BS Form A – RA, Form B – RA etc.) provided for insurance company re...
A company has an actual sales of ₹25 crore vs. a budget of ₹30 crore. Costs were below budget by ₹2 crore. What does this imply?
If revenue from operations is Rs.60,00,000 Gross Profit ratio is 60%, Operating expenses are Rs.40,000 and Income tax rate is 30%, what will be the Gros...
Direct Materials = ₹1000, Labour = ₹500, Direct Expenses = ₹250, Works Overhead = ₹200, Admin = ₹550, S&D Overhead = ₹300.
Find cost ...
A budget that starts with the assumption that all departmental budgets are zero and requires justification for every expense is known as:
In India, the GST is based on the dual model GST adopted in:
Which of the following is NOT a capital budgeting decision?
In light of Inventory Management, what does "VED" stand for?
The LN function in Ms Excel 2010 returns the ________.
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