Fine for soliciting deposits in contravention of Section 3 of the Banning of Unregulated Deposit…
Section 21(1) of the BUDS Act sets the fine for soliciting deposits in contravention of section 3 at not less than two lakh rupees, extendable to ten lakh rupees, not fifty…
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Fine for soliciting deposits in contravention of Section 3 of the Banning of Unregulated Deposit Schemes Act, 2019 shall not be less than:
Answer and explanation
Correct answer C
Section 21(1) of the BUDS Act sets the fine for soliciting deposits in contravention of section 3 at not less than two lakh rupees, extendable to ten lakh rupees, not fifty thousand, one lakh or five lakh rupees.