A trust under Section 2(6)(vii) of the Banning of Unregulated Deposit Schemes Act, 2019 includes:
Under BUDS s.2(6)(vii), trust as a deposit taker covers both a private trust governed by the Indian Trusts Act, 1882 and a public trust, whether registered or not, not…
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A trust under Section 2(6)(vii) of the Banning of Unregulated Deposit Schemes Act, 2019 includes:
Answer and explanation
Correct answer C
Under BUDS s.2(6)(vii), trust as a deposit taker covers both a private trust governed by the Indian Trusts Act, 1882 and a public trust, whether registered or not, not private or religious trusts alone.