Section 10 of the Banning of Unregulated Deposit Schemes Act, 2019 deals with:
Section 10 is headed "Information of business by deposit taker" and requires every deposit taker to intimate the database authority under section 9(1) about its business.…
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Section 10 of the Banning of Unregulated Deposit Schemes Act, 2019 deals with:
Answer and explanation
Correct answer B
Section 10 is headed "Information of business by deposit taker" and requires every deposit taker to intimate the database authority under section 9(1) about its business. Priority of depositors' claims is in section 12, and mala fide transferees are dealt with in section 16.