Question

After issuing a notice under section 8 of the PMLA, what steps must the Adjudicating Authority take before recording a finding?

A Confiscate the property immediately without any further hearing
B Only hear the Director's opinion and make a decision
C Consider the reply to the notice, hear both the aggrieved person and the Director, and take into account all relevant materials
D Automatically declare the property as involved in money-laundering
E Issue a fine to the aggrieved person without any hearings
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