Any person contravening Section 5 of the Banning of Unregulated Deposit Schemes Act, 2019 shall be…
Under section 23 of the BUDS Act, a person contravening section 5 is punishable with imprisonment of not less than one year but which may extend to five years, not the…
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Any person contravening Section 5 of the Banning of Unregulated Deposit Schemes Act, 2019 shall be punished with imprisonment:
Answer and explanation
Correct answer A
Under section 23 of the BUDS Act, a person contravening section 5 is punishable with imprisonment of not less than one year but which may extend to five years, not the two-to-seven-year term under section 21(2), a flat ten years, or life imprisonment.