Section 25(3) of the Banning of Unregulated Deposit Schemes Act, 2019 applies where the offence was…
Section 25(3) of the BUDS Act extends liability where the offence was committed with the consent or connivance of, or is attributable to neglect on the part of, a director,…
Choose your answer
Section 25(3) of the Banning of Unregulated Deposit Schemes Act, 2019 applies where the offence was committed with:
Answer and explanation
Correct answer C
Section 25(3) of the BUDS Act extends liability where the offence was committed with the consent or connivance of, or is attributable to neglect on the part of, a director, manager, secretary, promoter, partner, employee or other officer, so both grounds apply, not judicial approval.