Punishment under Section 23 of the Banning of Unregulated Deposit Schemes Act, 2019 applies to:
Section 23 punishes whoever contravenes section 5, the bar on wrongful inducement, which itself applies to any person "by whatever name called". Contraventions of section 3…
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Punishment under Section 23 of the Banning of Unregulated Deposit Schemes Act, 2019 applies to:
Answer and explanation
Correct answer C
Section 23 punishes whoever contravenes section 5, the bar on wrongful inducement, which itself applies to any person "by whatever name called". Contraventions of section 3 by deposit takers are punished under section 21.