Failure to furnish statements or particulars under Section 10(2) of the Banning of Unregulated Deposit…
Section 26 of the BUDS Act prescribes the punishment, fine only up to five lakh rupees, for failing to furnish statements or particulars required under section 10(2), not…
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Failure to furnish statements or particulars under Section 10(2) of the Banning of Unregulated Deposit Schemes Act, 2019 attracts:
Answer and explanation
Correct answer B
Section 26 of the BUDS Act prescribes the punishment, fine only up to five lakh rupees, for failing to furnish statements or particulars required under section 10(2), not civil liability alone, automatic attachment, or ten years' imprisonment.