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)

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