Money realised under the Banning of Unregulated Deposit Schemes Act, 2019 shall not be utilised except…
Section 13(3) provides that money realised under the Act shall not be utilised "except under the instructions of the Designated Court". Neither the depositors nor the…
Choose your answer
Money realised under the Banning of Unregulated Deposit Schemes Act, 2019 shall not be utilised except under:
Answer and explanation
Correct answer C
Section 13(3) provides that money realised under the Act shall not be utilised "except under the instructions of the Designated Court". Neither the depositors nor the appropriate Government can direct its use.