Q.2 What are the issues with the various provisions of the Prevention of Money Laundering Act 2002? Suggest the way forward. (10 Marks)

Mentor’s comment-
  • https://www.thehindu.com/opinion/lead/the-pmla-verdict-overlooks-constitutional-safeguards/article65707726.ece
  • In the intro, mention the recent ruling of the Supreme Court upholding the Act.
  • In the body, mention issues such as vague definition of the terms, stringent conditions for granting bail, use of money bill route for enacting law, disproportionality in punishment, misuse for settling political scores etc. In the way forward mention amendment to remove the vague definition, receiving the conditions for bail etc.
  • Conclude by mentioning the need for satisfying the test of proportionality in enacting the laws.

Comments

5 responses to “Q.2 What are the issues with the various provisions of the Prevention of Money Laundering Act 2002? Suggest the way forward. (10 Marks)”

  1. Saradha Sekar Avatar
    Saradha Sekar

    Kindly Review this answer Mam/Sir :
    Time Taken : 12 min

    1. Saradha Sekar Avatar
      Saradha Sekar

      ” Not reviewed ” @ staffCD

    2. Saradha Sekar Avatar
      Saradha Sekar

      NOT REVIEWED @ staff CD

  2. Apurva Bomble Avatar
    Apurva Bomble

    Gs2

  3. believing is seeing Avatar
    believing is seeing

    JmQPOijgofaERD

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