Section 40 of the Banning of Unregulated Deposit Schemes Act, 2019 primarily empowers the Central…
Section 40 allows the Central Government to add or remove a scheme or arrangement from the First Schedule by notification, changing its regulated status. The separate…
Choose your answer
Section 40 of the Banning of Unregulated Deposit Schemes Act, 2019 primarily empowers the Central Government to:
Answer and explanation
Correct answer B
Section 40 allows the Central Government to add or remove a scheme or arrangement from the First Schedule by notification, changing its regulated status. The separate appointment powers for Competent Authorities and Designated Courts belong to the appropriate Government under sections 7 and 8.