📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    “Proceeds of crime” is defined under which provision

    of PMLA? 
    A Section 2(1)(k) Correct Answer Incorrect Answer
    B Section 2(1)(u) Correct Answer Incorrect Answer
    C Section 3 Correct Answer Incorrect Answer
    D Section 5 Correct Answer Incorrect Answer
    E Section 8 Correct Answer Incorrect Answer

    Solution

    Section 2(1)(u) defines proceeds of crime as any property derived or obtained directly or indirectly by any person as a result of criminal activity relating to a scheduled offence, including its value equivalent.

    Practice Next
    More Other Laws and Acts Questions

    Relevant for Exams:

    ask-question