2022
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Question
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5
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3
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7
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11
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Detailed explanation-1: -Section 6 of PMLA provides for appointment of adjudicating authority consisting of a Chairperson and two other members by the Central Government provided that one member each shall be a person having experience in the field of Law, Administration, Finance or Accountancy.
Detailed explanation-2: -The Directorate of Enforcement (ED) is a multi-disciplinary organization mandated with investigation of offences of money laundering and violations of foreign exchange laws. It functions under the Department of Revenue of the Ministry of Finance.
Detailed explanation-3: -Adjudicating authorities, composition, powers, etc. 6. (1) The Central Government shall, by notification, appoint one or more Adjudicating Authorities to exercise jurisdiction, power and authority con- ferred by or under this Act.
Detailed explanation-4: -iv) The Adjudicating Authority shall consist of Chair-Person and two other Members under Section 6(2) of PMLA.