A trust under Section 2(10) of the Banning of Unregulated Deposit Schemes Act, 2019 is included within:
Under BUDS s.2(10)(iv), a trust is one of the entities listed within the definition of person, distinct from depositor, Competent Authority or appropriate Government, which…
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A trust under Section 2(10) of the Banning of Unregulated Deposit Schemes Act, 2019 is included within:
Answer and explanation
Correct answer B
Under BUDS s.2(10)(iv), a trust is one of the entities listed within the definition of person, distinct from depositor, Competent Authority or appropriate Government, which are separately defined terms.