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      Question

      Under the PMLA (Prevention of Money Laundering Act),

      2002, the "Adjudicating Authority" has the power to provisionally attach property for a period not exceeding:┬а
      A 90 days Correct Answer Incorrect Answer
      B 120 days Correct Answer Incorrect Answer
      C 180 days Correct Answer Incorrect Answer
      D 365 days Correct Answer Incorrect Answer
      E 60 days Correct Answer Incorrect Answer

      Solution

      Section 5 allows the Director/authorized officer to provisionally attach property suspected to be proceeds of crime for up to 180 days.

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