Question
Consider the following statements regarding the
attachment and confiscation of property under Sections 5 and 8 of the PMLA, 2002: Statement 1: Property suspected to be proceeds of crime can be attached by the Enforcement Directorate immediately without obtaining a court order. Statement 2: After attachment, there is a mandatory period of 90 days within which a prosecution complaint must be filed and a court approval for attachment must be obtained. Statement 3: If no prosecution complaint is filed and court approval is not obtained within 90 days, the attachment becomes invalid and property must be returned immediately. Statement 4: Confiscation of property can be ordered only after a conviction for money laundering under Section 4 of PMLA. Which statements are correct?Solution
Section 5 of PMLA permits ED to attach property without court order initially. Statement 1 is correct. Section 5(1-A) requires prosecution complaint filing and court order within 180 days (though 90-day extension is available)—Statement 2 is substantially correct. Section 5(3) provides that if no court approval is obtained within the prescribed period, the property ceases to remain attached—Statement 3 is correct. Statement 4 is incorrect because confiscation under Section 8 can occur even before conviction; attachment and confiscation operate as civil remedies parallel to criminal prosecution. Statements 1, 2, and 3 are correct.
When several "tasks" (also known as processes) may be run at the same time in an operating system, then system is called as Â
System softwareÂ
An assembler is aÂ
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