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?
More Other Laws and Acts Questions
- Under Section 14 of the Industrial Relations Code, 2020, the Act introduces the statutory framework for recognising a Sole Negotiating Union or a Negotiati...
- Examination of a person by a party who call him as witness is-
- The Code on Wages, 2019 introduces the novel concept of "Inspector-cum-Facilitator" replacing the traditional "Inspector" under old wage laws. Which of the...
- The Negotiable Instruments Act came into force on ________________
- A suit is duly instituted if filed as per ____ of CPC:
- Under Section 8A(1)(c), the Commission may:
- Under Sections 49(2) and 59(2) of the Consumer Protection Act, 2019, in addition to their other powers, the State Commission and the National Commission ma...
- Which of the following reflects the manner of election of President under Article 55 of the Constitution of India?
- Court can ask question under Section 161 of the Act to_____
- The Legal Services Authorities Act, 1987 primarily aims to:
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)