A private trust referred to in Section 2(6)(vii) of the Banning of Unregulated Deposit Schemes Act,…
BUDS s.2(6)(vii) specifies that the private trust referred to as a deposit taker is one governed under the Indian Trusts Act, 1882, not the Companies Act, Transfer of…
Choose your answer
A private trust referred to in Section 2(6)(vii) of the Banning of Unregulated Deposit Schemes Act, 2019 is governed by:
Answer and explanation
Correct answer B
BUDS s.2(6)(vii) specifies that the private trust referred to as a deposit taker is one governed under the Indian Trusts Act, 1882, not the Companies Act, Transfer of Property Act or Societies Registration Act.