Question
What is the punishment for the offence of money
laundering under Section 4 of PMLA?Solution
Explanation: Section 4 of the PMLA provides for punishment for money laundering. It prescribes rigorous imprisonment for a term which shall not be less than 3 years but may extend to 7 years. However, if the predicate offence is under the Narcotic Drugs and Psychotropic Substances Act, the maximum punishment may extend to 10 years. Fine is also imposed in addition to imprisonment.
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Government Company is defined under:Â
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When was the Insolvency and Bankruptcy Code 2016 notified in the gazette of India?Â
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U nder Section 26 of the Bharatiya Sakshya  Adhiniyam  (BSA), 2023, a statement of relevant facts made by a person is itself a relevant fact in wh...
