Judicial proceedings under Section 7(7) of the Banning of Unregulated Deposit Schemes Act, 2019 are…
Section 7(7) of the BUDS Act, as worded, deems such proceedings judicial proceedings within the meaning of sections 193 and 228 of the Indian Penal Code, 1860, not the CPC,…
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Judicial proceedings under Section 7(7) of the Banning of Unregulated Deposit Schemes Act, 2019 are within the meaning of sections 193 and 228 of:
Answer and explanation
Correct answer B
Section 7(7) of the BUDS Act, as worded, deems such proceedings judicial proceedings within the meaning of sections 193 and 228 of the Indian Penal Code, 1860, not the CPC, CrPC or Evidence Act.
Current law: the Indian Penal Code has been replaced by the Bharatiya Nyaya Sanhita, 2023; the corresponding provisions are now sections 229 and 267 of the BNS.