Question
“Proceeds of Crime” under PMLA refers to:
Solution
Explanation: As per Section 2(1)(u) of the PMLA, “proceeds of crime” means any property derived or obtained, directly or indirectly, by any person as a result of criminal activity relating to a scheduled offence. It includes the value of such property if it is taken or held outside the country.
What does a "Government company" mean as per the Companies Act?
Where there is no express provision in Contract Act, the following prevails and applied for deciding the cases
As per Section 7 verbatim, the Central Government may, in consultation with the Commission, make rules with respect to:
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Ut Res Magis Valeat Quam Pereat is also known as
