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      Question

      Who is responsible for appointing the Adjudicating

      Authority under the PMLA, and what is the composition of the Authority?
      A The Prime Minister, consisting of a Chairperson and four Members Correct Answer Incorrect Answer
      B The President of India, consisting of a Chairperson and three Members from various fields Correct Answer Incorrect Answer
      C The Chief Justice of India, consisting of a Chairperson and two Members with legal backgrounds Correct Answer Incorrect Answer
      D The Central Government, consisting of a Chairperson and two Members with experience in law and finance Correct Answer Incorrect Answer
      E The Ministry of Home Affairs, consisting of a Chairperson and five Members from law enforcement agencies Correct Answer Incorrect Answer

      Solution

      Section 6. Adjudicating Authorities, composition, powers, etc.: (1) The Central Government shall, by notification, appoint an Adjudicating Authority to exercise jurisdiction, powers and authority conferred by or under this Act. (2) An Adjudicating Authority shall consist of a Chairperson and two other Members: Provided that one Member each shall be a person having experience in the field of law, administration, finance or accountancy.

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