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Directions: Read the following passage and answer the question.Tightening the anti money-laundering law, the government stated that a property will be considered as tainted if it relates to any offence on the basis of which a Prevention of Money Laundering Act case has been slapped.The definitions were brought in the form of amendments to the Finance Bill, 2019 in the Lok Sabha, which was later approved by the House by a voice vote.According to the amendments brought by Finance Minister Nirmala Sitharaman, "a person shall be guilty of offence of Money Laundering if such person is found to have directly or indirectly attempted to indulge or knowingly assisted or knowingly is a party or is actually involved" in "concealment, or possession, or acquisition, or use, or projecting as untainted property or claiming as untainted property."The Prevention of Money Laundering Act would not only include property obtained from the PMLA offence but also any property which may "directly or indirectly" be obtained as a result of any criminal activity related to the scheduled offence on the basis of which a money laundering case is filed.Further, entities would be accused of Money Laundering when they conceal, possess, acquire, use, and project or claim a property as untainted.The government brought eight amendments to the Prevention of Money Laundering Act (PMLA), of which six are explanations to the existing clauses. The minister said explanations are being brought to certain existing clauses to remove the "confusion, grey area or ambiguity which might exist" in the vintage Act.Speaking in the Lok Sabha, Finanace Minister said that out of eight amendments, one relates to deletion of a proviso. "A new proviso is being added to only make sure that where a case exists in one court and the hearings are going on there, and proceedings are happening in another court also, these two cannot be clubbed together and treated as one".Q. Consider the following statements and mark the correct option.Assertion (A): Lok Sabha passed the Arbitration and Conciliation (Amendment) Bill, 2021.Reason (R): Government is working in direction of making India a big hub for domestic and international arbitration.a)Both A and R are incorrect.b)Both A and R are correct, and R is the right explanation of A.c)A is incorrect and R is correct.d)Both A and R are correct, but R is not the right explanation of A.Correct answer is option 'B'. Can you explain this answer? for CLAT 2024 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Directions: Read the following passage and answer the question.Tightening the anti money-laundering law, the government stated that a property will be considered as tainted if it relates to any offence on the basis of which a Prevention of Money Laundering Act case has been slapped.The definitions were brought in the form of amendments to the Finance Bill, 2019 in the Lok Sabha, which was later approved by the House by a voice vote.According to the amendments brought by Finance Minister Nirmala Sitharaman, "a person shall be guilty of offence of Money Laundering if such person is found to have directly or indirectly attempted to indulge or knowingly assisted or knowingly is a party or is actually involved" in "concealment, or possession, or acquisition, or use, or projecting as untainted property or claiming as untainted property."The Prevention of Money Laundering Act would not only include property obtained from the PMLA offence but also any property which may "directly or indirectly" be obtained as a result of any criminal activity related to the scheduled offence on the basis of which a money laundering case is filed.Further, entities would be accused of Money Laundering when they conceal, possess, acquire, use, and project or claim a property as untainted.The government brought eight amendments to the Prevention of Money Laundering Act (PMLA), of which six are explanations to the existing clauses. The minister said explanations are being brought to certain existing clauses to remove the "confusion, grey area or ambiguity which might exist" in the vintage Act.Speaking in the Lok Sabha, Finanace Minister said that out of eight amendments, one relates to deletion of a proviso. "A new proviso is being added to only make sure that where a case exists in one court and the hearings are going on there, and proceedings are happening in another court also, these two cannot be clubbed together and treated as one".Q. Consider the following statements and mark the correct option.Assertion (A): Lok Sabha passed the Arbitration and Conciliation (Amendment) Bill, 2021.Reason (R): Government is working in direction of making India a big hub for domestic and international arbitration.a)Both A and R are incorrect.b)Both A and R are correct, and R is the right explanation of A.c)A is incorrect and R is correct.d)Both A and R are correct, but R is not the right explanation of A.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CLAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: Read the following passage and answer the question.Tightening the anti money-laundering law, the government stated that a property will be considered as tainted if it relates to any offence on the basis of which a Prevention of Money Laundering Act case has been slapped.The definitions were brought in the form of amendments to the Finance Bill, 2019 in the Lok Sabha, which was later approved by the House by a voice vote.According to the amendments brought by Finance Minister Nirmala Sitharaman, "a person shall be guilty of offence of Money Laundering if such person is found to have directly or indirectly attempted to indulge or knowingly assisted or knowingly is a party or is actually involved" in "concealment, or possession, or acquisition, or use, or projecting as untainted property or claiming as untainted property."The Prevention of Money Laundering Act would not only include property obtained from the PMLA offence but also any property which may "directly or indirectly" be obtained as a result of any criminal activity related to the scheduled offence on the basis of which a money laundering case is filed.Further, entities would be accused of Money Laundering when they conceal, possess, acquire, use, and project or claim a property as untainted.The government brought eight amendments to the Prevention of Money Laundering Act (PMLA), of which six are explanations to the existing clauses. The minister said explanations are being brought to certain existing clauses to remove the "confusion, grey area or ambiguity which might exist" in the vintage Act.Speaking in the Lok Sabha, Finanace Minister said that out of eight amendments, one relates to deletion of a proviso. "A new proviso is being added to only make sure that where a case exists in one court and the hearings are going on there, and proceedings are happening in another court also, these two cannot be clubbed together and treated as one".Q. Consider the following statements and mark the correct option.Assertion (A): Lok Sabha passed the Arbitration and Conciliation (Amendment) Bill, 2021.Reason (R): Government is working in direction of making India a big hub for domestic and international arbitration.a)Both A and R are incorrect.b)Both A and R are correct, and R is the right explanation of A.c)A is incorrect and R is correct.d)Both A and R are correct, but R is not the right explanation of A.Correct answer is option 'B'. Can you explain this answer?.

Solutions for Directions: Read the following passage and answer the question.Tightening the anti money-laundering law, the government stated that a property will be considered as tainted if it relates to any offence on the basis of which a Prevention of Money Laundering Act case has been slapped.The definitions were brought in the form of amendments to the Finance Bill, 2019 in the Lok Sabha, which was later approved by the House by a voice vote.According to the amendments brought by Finance Minister Nirmala Sitharaman, "a person shall be guilty of offence of Money Laundering if such person is found to have directly or indirectly attempted to indulge or knowingly assisted or knowingly is a party or is actually involved" in "concealment, or possession, or acquisition, or use, or projecting as untainted property or claiming as untainted property."The Prevention of Money Laundering Act would not only include property obtained from the PMLA offence but also any property which may "directly or indirectly" be obtained as a result of any criminal activity related to the scheduled offence on the basis of which a money laundering case is filed.Further, entities would be accused of Money Laundering when they conceal, possess, acquire, use, and project or claim a property as untainted.The government brought eight amendments to the Prevention of Money Laundering Act (PMLA), of which six are explanations to the existing clauses. The minister said explanations are being brought to certain existing clauses to remove the "confusion, grey area or ambiguity which might exist" in the vintage Act.Speaking in the Lok Sabha, Finanace Minister said that out of eight amendments, one relates to deletion of a proviso. "A new proviso is being added to only make sure that where a case exists in one court and the hearings are going on there, and proceedings are happening in another court also, these two cannot be clubbed together and treated as one".Q. Consider the following statements and mark the correct option.Assertion (A): Lok Sabha passed the Arbitration and Conciliation (Amendment) Bill, 2021.Reason (R): Government is working in direction of making India a big hub for domestic and international arbitration.a)Both A and R are incorrect.b)Both A and R are correct, and R is the right explanation of A.c)A is incorrect and R is correct.d)Both A and R are correct, but R is not the right explanation of A.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of Directions: Read the following passage and answer the question.Tightening the anti money-laundering law, the government stated that a property will be considered as tainted if it relates to any offence on the basis of which a Prevention of Money Laundering Act case has been slapped.The definitions were brought in the form of amendments to the Finance Bill, 2019 in the Lok Sabha, which was later approved by the House by a voice vote.According to the amendments brought by Finance Minister Nirmala Sitharaman, "a person shall be guilty of offence of Money Laundering if such person is found to have directly or indirectly attempted to indulge or knowingly assisted or knowingly is a party or is actually involved" in "concealment, or possession, or acquisition, or use, or projecting as untainted property or claiming as untainted property."The Prevention of Money Laundering Act would not only include property obtained from the PMLA offence but also any property which may "directly or indirectly" be obtained as a result of any criminal activity related to the scheduled offence on the basis of which a money laundering case is filed.Further, entities would be accused of Money Laundering when they conceal, possess, acquire, use, and project or claim a property as untainted.The government brought eight amendments to the Prevention of Money Laundering Act (PMLA), of which six are explanations to the existing clauses. The minister said explanations are being brought to certain existing clauses to remove the "confusion, grey area or ambiguity which might exist" in the vintage Act.Speaking in the Lok Sabha, Finanace Minister said that out of eight amendments, one relates to deletion of a proviso. "A new proviso is being added to only make sure that where a case exists in one court and the hearings are going on there, and proceedings are happening in another court also, these two cannot be clubbed together and treated as one".Q. Consider the following statements and mark the correct option.Assertion (A): Lok Sabha passed the Arbitration and Conciliation (Amendment) Bill, 2021.Reason (R): Government is working in direction of making India a big hub for domestic and international arbitration.a)Both A and R are incorrect.b)Both A and R are correct, and R is the right explanation of A.c)A is incorrect and R is correct.d)Both A and R are correct, but R is not the right explanation of A.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: Read the following passage and answer the question.Tightening the anti money-laundering law, the government stated that a property will be considered as tainted if it relates to any offence on the basis of which a Prevention of Money Laundering Act case has been slapped.The definitions were brought in the form of amendments to the Finance Bill, 2019 in the Lok Sabha, which was later approved by the House by a voice vote.According to the amendments brought by Finance Minister Nirmala Sitharaman, "a person shall be guilty of offence of Money Laundering if such person is found to have directly or indirectly attempted to indulge or knowingly assisted or knowingly is a party or is actually involved" in "concealment, or possession, or acquisition, or use, or projecting as untainted property or claiming as untainted property."The Prevention of Money Laundering Act would not only include property obtained from the PMLA offence but also any property which may "directly or indirectly" be obtained as a result of any criminal activity related to the scheduled offence on the basis of which a money laundering case is filed.Further, entities would be accused of Money Laundering when they conceal, possess, acquire, use, and project or claim a property as untainted.The government brought eight amendments to the Prevention of Money Laundering Act (PMLA), of which six are explanations to the existing clauses. The minister said explanations are being brought to certain existing clauses to remove the "confusion, grey area or ambiguity which might exist" in the vintage Act.Speaking in the Lok Sabha, Finanace Minister said that out of eight amendments, one relates to deletion of a proviso. "A new proviso is being added to only make sure that where a case exists in one court and the hearings are going on there, and proceedings are happening in another court also, these two cannot be clubbed together and treated as one".Q. Consider the following statements and mark the correct option.Assertion (A): Lok Sabha passed the Arbitration and Conciliation (Amendment) Bill, 2021.Reason (R): Government is working in direction of making India a big hub for domestic and international arbitration.a)Both A and R are incorrect.b)Both A and R are correct, and R is the right explanation of A.c)A is incorrect and R is correct.d)Both A and R are correct, but R is not the right explanation of A.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Directions: Read the following passage and answer the question.Tightening the anti money-laundering law, the government stated that a property will be considered as tainted if it relates to any offence on the basis of which a Prevention of Money Laundering Act case has been slapped.The definitions were brought in the form of amendments to the Finance Bill, 2019 in the Lok Sabha, which was later approved by the House by a voice vote.According to the amendments brought by Finance Minister Nirmala Sitharaman, "a person shall be guilty of offence of Money Laundering if such person is found to have directly or indirectly attempted to indulge or knowingly assisted or knowingly is a party or is actually involved" in "concealment, or possession, or acquisition, or use, or projecting as untainted property or claiming as untainted property."The Prevention of Money Laundering Act would not only include property obtained from the PMLA offence but also any property which may "directly or indirectly" be obtained as a result of any criminal activity related to the scheduled offence on the basis of which a money laundering case is filed.Further, entities would be accused of Money Laundering when they conceal, possess, acquire, use, and project or claim a property as untainted.The government brought eight amendments to the Prevention of Money Laundering Act (PMLA), of which six are explanations to the existing clauses. The minister said explanations are being brought to certain existing clauses to remove the "confusion, grey area or ambiguity which might exist" in the vintage Act.Speaking in the Lok Sabha, Finanace Minister said that out of eight amendments, one relates to deletion of a proviso. "A new proviso is being added to only make sure that where a case exists in one court and the hearings are going on there, and proceedings are happening in another court also, these two cannot be clubbed together and treated as one".Q. Consider the following statements and mark the correct option.Assertion (A): Lok Sabha passed the Arbitration and Conciliation (Amendment) Bill, 2021.Reason (R): Government is working in direction of making India a big hub for domestic and international arbitration.a)Both A and R are incorrect.b)Both A and R are correct, and R is the right explanation of A.c)A is incorrect and R is correct.d)Both A and R are correct, but R is not the right explanation of A.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Directions: Read the following passage and answer the question.Tightening the anti money-laundering law, the government stated that a property will be considered as tainted if it relates to any offence on the basis of which a Prevention of Money Laundering Act case has been slapped.The definitions were brought in the form of amendments to the Finance Bill, 2019 in the Lok Sabha, which was later approved by the House by a voice vote.According to the amendments brought by Finance Minister Nirmala Sitharaman, "a person shall be guilty of offence of Money Laundering if such person is found to have directly or indirectly attempted to indulge or knowingly assisted or knowingly is a party or is actually involved" in "concealment, or possession, or acquisition, or use, or projecting as untainted property or claiming as untainted property."The Prevention of Money Laundering Act would not only include property obtained from the PMLA offence but also any property which may "directly or indirectly" be obtained as a result of any criminal activity related to the scheduled offence on the basis of which a money laundering case is filed.Further, entities would be accused of Money Laundering when they conceal, possess, acquire, use, and project or claim a property as untainted.The government brought eight amendments to the Prevention of Money Laundering Act (PMLA), of which six are explanations to the existing clauses. The minister said explanations are being brought to certain existing clauses to remove the "confusion, grey area or ambiguity which might exist" in the vintage Act.Speaking in the Lok Sabha, Finanace Minister said that out of eight amendments, one relates to deletion of a proviso. "A new proviso is being added to only make sure that where a case exists in one court and the hearings are going on there, and proceedings are happening in another court also, these two cannot be clubbed together and treated as one".Q. Consider the following statements and mark the correct option.Assertion (A): Lok Sabha passed the Arbitration and Conciliation (Amendment) Bill, 2021.Reason (R): Government is working in direction of making India a big hub for domestic and international arbitration.a)Both A and R are incorrect.b)Both A and R are correct, and R is the right explanation of A.c)A is incorrect and R is correct.d)Both A and R are correct, but R is not the right explanation of A.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: Read the following passage and answer the question.Tightening the anti money-laundering law, the government stated that a property will be considered as tainted if it relates to any offence on the basis of which a Prevention of Money Laundering Act case has been slapped.The definitions were brought in the form of amendments to the Finance Bill, 2019 in the Lok Sabha, which was later approved by the House by a voice vote.According to the amendments brought by Finance Minister Nirmala Sitharaman, "a person shall be guilty of offence of Money Laundering if such person is found to have directly or indirectly attempted to indulge or knowingly assisted or knowingly is a party or is actually involved" in "concealment, or possession, or acquisition, or use, or projecting as untainted property or claiming as untainted property."The Prevention of Money Laundering Act would not only include property obtained from the PMLA offence but also any property which may "directly or indirectly" be obtained as a result of any criminal activity related to the scheduled offence on the basis of which a money laundering case is filed.Further, entities would be accused of Money Laundering when they conceal, possess, acquire, use, and project or claim a property as untainted.The government brought eight amendments to the Prevention of Money Laundering Act (PMLA), of which six are explanations to the existing clauses. The minister said explanations are being brought to certain existing clauses to remove the "confusion, grey area or ambiguity which might exist" in the vintage Act.Speaking in the Lok Sabha, Finanace Minister said that out of eight amendments, one relates to deletion of a proviso. "A new proviso is being added to only make sure that where a case exists in one court and the hearings are going on there, and proceedings are happening in another court also, these two cannot be clubbed together and treated as one".Q. Consider the following statements and mark the correct option.Assertion (A): Lok Sabha passed the Arbitration and Conciliation (Amendment) Bill, 2021.Reason (R): Government is working in direction of making India a big hub for domestic and international arbitration.a)Both A and R are incorrect.b)Both A and R are correct, and R is the right explanation of A.c)A is incorrect and R is correct.d)Both A and R are correct, but R is not the right explanation of A.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CLAT tests.