Particulars in the application under Section 14(1) of the Banning of Unregulated Deposit Schemes Act,…
Under section 14(1) of the BUDS Act, the application must contain such particulars as may be prescribed, not particulars decided by the deposit taker, a local authority or…
Choose your answer
Particulars in the application under Section 14(1) of the Banning of Unregulated Deposit Schemes Act, 2019 shall be:
Answer and explanation
Correct answer A
Under section 14(1) of the BUDS Act, the application must contain such particulars as may be prescribed, not particulars decided by the deposit taker, a local authority or fixed solely by High Court rules.