Question
Under PMLA, which of the following authorities is
empowered to provisionally attach property believed to be involved in money laundering?Solution
Section 5(1) of PMLA empowers the Director or any other officer not below the rank of Deputy Director, authorised by him, to provisionally attach property if they have reason to believe that the property is involved in money laundering. This attachment is initially valid for 180 days and is subject to confirmation by the Adjudicating Authority.
If you want to record all purchase transactions in the accounting software, which shortcut key should you use?
Receivables Velocity/average collection period of the company?
A credit sale of ₹25,000 to Mr. Z was wrongly recorded as purchase in Purchases Book. What will be the rectifying entry?
The arrangement of assets and liabilities in accordance with a particular order is known as of balance sheet. Â
This kind of audit is conducted generally between two annual audit ______.
When a minor admitted to the benefits of a partnership attains majority, within how many months must they decide whether or not to continue as a partner...
This kind of audit is conducted generally between two annual audits is known as which among the following?
What is the role of GeM in promoting transparency in government procurement?
What is the primary objective of the Reserve Bank of India (RBI)?
Which ratio is commonly used to evaluate the effectiveness of a company’s credit and collection policies?
