Question
A political party receives large cash donations from
various individuals without bank transfers. An investigation suggests the donations may be proceeds of crime from electoral offence violations. Under PMLA, which statements are correct? Statement 1: Political parties cannot be investigated under PMLA. Statement 2: If donations are proceeds of electoral violations (scheduled offences), they become liable for attachment. Statement 3: The political party must prove the donations were from legitimate sources. Statement 4: Proceeds of crime received for political purposes are exempt from PMLA. Which statements are correct?Solution
Entities, including political organizations, are subject to PMLA if proceeds are involved—Statement 1 is incorrect. Electoral violations can be scheduled offences; such proceeds are liable—Statement 2 is correct. Section 24 reverses burden on recipient—Statement 3 is correct. No exemptions exist—Statement 4 is incorrect. Statements 2 and 3 are correct.
In which year was the tableau of the Union Territory, Ladakh, displayed for the first time at the Rajpath in New Delhi?
Flower is to garden as book is to __.
First large-scale electric car-sharing program launched by:
Where in India is the Wildlife Institute of India located?
Which of the following is NOT a peak of the Himalayas?
When is Hiroshima Day celebrated in India?
Which of the following were the aspects of the green revolution?
A) Using High Yielding Varieties seeds
B) Mechanization of Agriculture
Which of the following Illustrations shows the mitochondrion’s structural details?
The pensions payable to or in respect of the officers and servants of the Supreme Court are charged upon ________.
With respect to Industry and Trade, MRTP stands for _________.
Relevant for Exams:
