A public trust under Section 2(6)(vii) of the Banning of Unregulated Deposit Schemes Act, 2019 may be:
Section 2(6)(vii) includes a trust, being a private trust governed by the Indian Trusts Act, 1882 or "a public trust, whether registered or not". Registration under a State…
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A public trust under Section 2(6)(vii) of the Banning of Unregulated Deposit Schemes Act, 2019 may be:
Answer and explanation
Correct answer C
Section 2(6)(vii) includes a trust, being a private trust governed by the Indian Trusts Act, 1882 or "a public trust, whether registered or not". Registration under a State public trusts law is therefore not needed, and no RBI approval is involved.