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Consider the following statements.
- The Prevention of Money Laundering Act (PMLA), 2002 allows the Directorate of Enforcement (ED) to take cognizance of any offence under its schedule across the country.
- The Directorate of Enforcement (ED) cannot take cognizance of any offence in a state unless requested by the state government, or ordered by a court or the Central Vigilance Commission (CVC).
Which of the above statements is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements. The Prevention of Money Laundering ...
Statement 1: The Prevention of Money Laundering Act (PMLA), 2002 allows the Directorate of Enforcement (ED) to take cognizance of any offence under its schedule across the country.
Statement 2: The Directorate of Enforcement (ED) cannot take cognizance of any offence in a state unless requested by the state government, or ordered by a court or the Central Vigilance Commission (CVC).
The correct answer is option 'A', i.e., 1 only.
Explanation:
The Prevention of Money Laundering Act (PMLA), 2002 is a law enacted in India with the objective of combating money laundering and related offenses. It provides for the prevention, detection, investigation, and punishment of money laundering activities. The Directorate of Enforcement (ED) is the enforcement agency responsible for the implementation and enforcement of the PMLA.
Statement 1: The Prevention of Money Laundering Act (PMLA), 2002 allows the Directorate of Enforcement (ED) to take cognizance of any offence under its schedule across the country.
This statement is correct. The PMLA grants the Directorate of Enforcement (ED) the power to take cognizance of any offense listed in its schedule, regardless of the location where the offense has been committed. This means that the ED can initiate investigations, conduct searches, and take necessary actions against money laundering and related offenses throughout the country.
Statement 2: The Directorate of Enforcement (ED) cannot take cognizance of any offense in a state unless requested by the state government, or ordered by a court or the Central Vigilance Commission (CVC).
This statement is incorrect. The ED does not require a request from the state government or an order from a court or the Central Vigilance Commission (CVC) to take cognizance of an offense. The ED has the power to independently initiate investigations and take necessary actions under the provisions of the PMLA. However, it is important to note that the ED should follow due process and legal procedures while conducting investigations and taking actions.
In conclusion, statement 1 is correct as per the provisions of the Prevention of Money Laundering Act (PMLA), 2002. Statement 2 is incorrect as the Directorate of Enforcement (ED) does not require a request from the state government or an order from a court or the Central Vigilance Commission (CVC) to take cognizance of an offense.
Statement 2: The Directorate of Enforcement (ED) cannot take cognizance of any offence in a state unless requested by the state government, or ordered by a court or the Central Vigilance Commission (CVC).
The correct answer is option 'A', i.e., 1 only.
Explanation:
The Prevention of Money Laundering Act (PMLA), 2002 is a law enacted in India with the objective of combating money laundering and related offenses. It provides for the prevention, detection, investigation, and punishment of money laundering activities. The Directorate of Enforcement (ED) is the enforcement agency responsible for the implementation and enforcement of the PMLA.
Statement 1: The Prevention of Money Laundering Act (PMLA), 2002 allows the Directorate of Enforcement (ED) to take cognizance of any offence under its schedule across the country.
This statement is correct. The PMLA grants the Directorate of Enforcement (ED) the power to take cognizance of any offense listed in its schedule, regardless of the location where the offense has been committed. This means that the ED can initiate investigations, conduct searches, and take necessary actions against money laundering and related offenses throughout the country.
Statement 2: The Directorate of Enforcement (ED) cannot take cognizance of any offense in a state unless requested by the state government, or ordered by a court or the Central Vigilance Commission (CVC).
This statement is incorrect. The ED does not require a request from the state government or an order from a court or the Central Vigilance Commission (CVC) to take cognizance of an offense. The ED has the power to independently initiate investigations and take necessary actions under the provisions of the PMLA. However, it is important to note that the ED should follow due process and legal procedures while conducting investigations and taking actions.
In conclusion, statement 1 is correct as per the provisions of the Prevention of Money Laundering Act (PMLA), 2002. Statement 2 is incorrect as the Directorate of Enforcement (ED) does not require a request from the state government or an order from a court or the Central Vigilance Commission (CVC) to take cognizance of an offense.
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Consider the following statements. The Prevention of Money Laundering ...
- Unlike laws governing other agencies, particularly the CBI, the PMLA allows the ED to take cognizance of any offence under its wide-ranging schedule across the country, with or without the consent of state governments.
- It has, therefore, been able to register money laundering cases against politicians or activists based on FIRs filed by state police forces — something the CBI is unable to do unless requested by the state government, or ordered by a court or the Central Vigilance Commission (CVC).
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Consider the following statements. The Prevention of Money Laundering Act (PMLA), 2002 allows the Directorate of Enforcement (ED) to take cognizance of any offence under its schedule across the country. The Directorate of Enforcement (ED) cannot take cognizance of any offence in a state unless requested by the state government, or ordered by a court or the Central Vigilance Commission (CVC).Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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Consider the following statements. The Prevention of Money Laundering Act (PMLA), 2002 allows the Directorate of Enforcement (ED) to take cognizance of any offence under its schedule across the country. The Directorate of Enforcement (ED) cannot take cognizance of any offence in a state unless requested by the state government, or ordered by a court or the Central Vigilance Commission (CVC).Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements. The Prevention of Money Laundering Act (PMLA), 2002 allows the Directorate of Enforcement (ED) to take cognizance of any offence under its schedule across the country. The Directorate of Enforcement (ED) cannot take cognizance of any offence in a state unless requested by the state government, or ordered by a court or the Central Vigilance Commission (CVC).Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements. The Prevention of Money Laundering Act (PMLA), 2002 allows the Directorate of Enforcement (ED) to take cognizance of any offence under its schedule across the country. The Directorate of Enforcement (ED) cannot take cognizance of any offence in a state unless requested by the state government, or ordered by a court or the Central Vigilance Commission (CVC).Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
Consider the following statements. The Prevention of Money Laundering Act (PMLA), 2002 allows the Directorate of Enforcement (ED) to take cognizance of any offence under its schedule across the country. The Directorate of Enforcement (ED) cannot take cognizance of any offence in a state unless requested by the state government, or ordered by a court or the Central Vigilance Commission (CVC).Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements. The Prevention of Money Laundering Act (PMLA), 2002 allows the Directorate of Enforcement (ED) to take cognizance of any offence under its schedule across the country. The Directorate of Enforcement (ED) cannot take cognizance of any offence in a state unless requested by the state government, or ordered by a court or the Central Vigilance Commission (CVC).Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements. The Prevention of Money Laundering Act (PMLA), 2002 allows the Directorate of Enforcement (ED) to take cognizance of any offence under its schedule across the country. The Directorate of Enforcement (ED) cannot take cognizance of any offence in a state unless requested by the state government, or ordered by a court or the Central Vigilance Commission (CVC).Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
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