Question
Which authority has the power to attach property
believed to be involved in money laundering under the PMLA, 2002?Solution
Under Section 5 of the PMLA, the Director or an officer not below the rank of Deputy Director of the Enforcement Directorate (ED) has the authority to provisionally attach property if there is a reason to believe it is involved in money laundering. This attachment is for 180 days and must be confirmed by the Adjudicating Authority.
What are the various conditions on the basis of which a retiring auditor may be re-appointed at an annual general meeting as per the Companies Act?
In the context of budgeting, 'Top-down Budgeting' refers to a process where:
For intra-State sales, the GST is divided between the Centre and the State in the ratio?
What does SAP stand for?
In relation to the condition for the issue of equity shares with differential rights:
The share with differential rights shall not exceed ______ ...
A project requires ₹4 lakh initial investment and yields ₹1 lakh annually for 5 years. If the cost of capital is 10%, what is the Net Present Value ...
As per the Companies Act, 2013, which of the following companies must appoint a full-time Company Secretary?
What is another name for the Revenue account in insurance company reporting?
The effective interest method is used to:
A company has credit sales of ₹36,00,000 during the Financial Year 2024-25. The company offers a trade discount of 5% on all sales and receives part p...
