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    Question

    For how long can a property seized under section 17 or

    section 18, or frozen under section 17, be retained or remain frozen for the purposes of adjudication under section 8 as per the provisions of section 20?
    A 90 days Correct Answer Incorrect Answer
    B 120 days Correct Answer Incorrect Answer
    C 150 days Correct Answer Incorrect Answer
    D 180 days Correct Answer Incorrect Answer
    E 365 days Correct Answer Incorrect Answer

    Solution

    Section 20.Retention of property.--(1) Where any property has been seized under section 17 or section 18 or frozen under sub-section (1A) of section 17 and the officer authorised by the Director in this behalf has, on the basis of material in his possession, reason to believe (the reason for such belief to be recorded by him in writing) that such property is required to be retained for the purposes of adjudication under section 8, such property may, if seized, be retained or if frozen, may continue to remain frozen, for a period not exceeding one hundred and eighty days from the day on which such property was seized or frozen, as the case may be.

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