"Deposit taker" under Section 2(6) of the Banning of Unregulated Deposit Schemes Act, 2019 includes:
Section 2(6) defines "deposit taker" widely to include any individual or group of individuals, a proprietorship concern, a partnership firm, a limited liability partnership,…
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"Deposit taker" under Section 2(6) of the Banning of Unregulated Deposit Schemes Act, 2019 includes:
Answer and explanation
Correct answer C
Section 2(6) defines "deposit taker" widely to include any individual or group of individuals, a proprietorship concern, a partnership firm, a limited liability partnership, a company, an association of persons, a trust and a co-operative society, among others. It is not confined to companies or financial institutions, though banks are left out of it.