"Competent Authority" under Section 2(3) of the Banning of Unregulated Deposit Schemes Act, 2019 means…
Section 2(3) of the Banning of Unregulated Deposit Schemes Act defines Competent Authority as an Authority appointed by the appropriate Government under section 7, not…
Choose your answer
"Competent Authority" under Section 2(3) of the Banning of Unregulated Deposit Schemes Act, 2019 means an Authority appointed under:
Answer and explanation
Correct answer B
Section 2(3) of the Banning of Unregulated Deposit Schemes Act defines Competent Authority as an Authority appointed by the appropriate Government under section 7, not sections 5, 9, or 11.