Question

    The Adjudicating Authority under PMLA is appointed

    by:
    A Ministry of Corporate Affairs Correct Answer Incorrect Answer
    B Ministry of Home Affairs Correct Answer Incorrect Answer
    C Ministry of Finance Correct Answer Incorrect Answer
    D Supreme Court of India Correct Answer Incorrect Answer
    E Central Vigilance Commission Correct Answer Incorrect Answer

    Solution

    As per Section 6 of the PMLA, the Adjudicating Authority is appointed by the Central Government, and it functions under the Department of Revenue, Ministry of Finance. It is responsible for adjudicating whether any attached property is involved in money laundering and for confirming the attachment after a hearing.

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