Section 18(1)(f) of the Banning of Unregulated Deposit Schemes Act, 2019 empowers the Designated Court…
Section 18(1)(f) lets the Designated Court direct any person, whether or not a party, to disgorge an amount equivalent to "the wrongful gain made or loss averted" through a…
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Section 18(1)(f) of the Banning of Unregulated Deposit Schemes Act, 2019 empowers the Designated Court to direct disgorgement of:
Answer and explanation
Correct answer A
Section 18(1)(f) lets the Designated Court direct any person, whether or not a party, to disgorge an amount equivalent to "the wrongful gain made or loss averted" through a contravention of the Act. Both gains made and losses avoided are covered, but only to their actual amount.