Section 16 of the Banning of Unregulated Deposit Schemes Act, 2019 deals with:
Section 16 addresses property transferred otherwise than in good faith and not for commensurate consideration, subject to its other statutory conditions and notice…
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Section 16 of the Banning of Unregulated Deposit Schemes Act, 2019 deals with:
Answer and explanation
Correct answer B
Section 16 addresses property transferred otherwise than in good faith and not for commensurate consideration, subject to its other statutory conditions and notice procedure. Both defects matter. Section 17 separately allows fair-value payment in lieu of attachment before confirmation.