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
- What is a "Promissory note" as defined
- What does "partnership" refer to?
- A imports in to India or exports there from, any counterfeit coin knowing the same to be counterfeit is guilty under section ____of IPC.
- Which of the following is not a power granted to the authorities under the PMLA?
- What does "social security" include as per the Code on Social Security?
- What records must every consumer mediation cell maintain according to the Consumer Protection Act?
- Acceptance to be a valid acceptance _______________
- What is the time frame for filing an appeal to the National Commission against an order passed by the Central Authority under sections 20 and 21 of the Con...
- Precept is issued to________.
- What can the Central Government do regarding the Employees' Provident Fund?
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)