Write short notes on punishment for vexatious search under Prevention of Money Laundering Act, 2002.
CS Professional · Resolution of Corporate Disputes, Non-Compliances & Remedies · PYQS · December 2024
Write short notes on punishment for vexatious search under Prevention of Money Laundering Act, 2002.
Answer & Explanation:
Section 62 of the Prevention of Money-Laundering Act, 2002(Act) provides the provisions relating to punishment for vexatious search. It states: Any authority or officer exercising powers under this Act or any rules made thereunder, who, without reasons recorded in writing.- searches or causes to be searched any building or place; or detains or searches or arrests any person, shall for every such offence be liable on conviction for imprisonment for a term which may extend to two years or fine which may extend to fifty thousand rupees or both.
Topics: Prevention of Money Laundering Act (PMLA)
Related Questions in this Topic
- Mr. X is aggrieved by an order passed by the Adjudicating Authority under the Prevention of Money Laundering Act (PMLA),...
- Kamal is a farmer. He grows vegetables and fruits on his farm. However, he secretly does trading in opium and unauthoris...
- A, an aggrieved person by an order of the Appellate Tribunal under the Prevention of Money Laundering Act, 2002 intends ...
- Kabir, aged 17 years, has been arrested for laundering a sum of ₹ 51 Lakh as, it is a cognizable and non-bailable offenc...
- Explain what offences are cognizable and non-bailable under the Prevention of Money Laundering Act, 2002.