Section 5 of the Banning of Unregulated Deposit Schemes Act, 2019 prohibits wrongful inducement in…
Section 5 of the BUDS Act prohibits wrongful inducement to invest in, or become a member or participant of, an Unregulated Deposit Scheme, not a Regulated Deposit Scheme,…
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Section 5 of the Banning of Unregulated Deposit Schemes Act, 2019 prohibits wrongful inducement in relation to:
Answer and explanation
Correct answer C
Section 5 of the BUDS Act prohibits wrongful inducement to invest in, or become a member or participant of, an Unregulated Deposit Scheme, not a Regulated Deposit Scheme, insurance scheme or ordinary banking transaction.