The application under Section 17(1) of the Banning of Unregulated Deposit Schemes Act, 2019 is made to:
Section 17(1) of the BUDS Act requires the application in lieu of attachment to be made to the Designated Court, not the District Magistrate, Central Government or Reserve…
Choose your answer
The application under Section 17(1) of the Banning of Unregulated Deposit Schemes Act, 2019 is made to:
Answer and explanation
Correct answer B
Section 17(1) of the BUDS Act requires the application in lieu of attachment to be made to the Designated Court, not the District Magistrate, Central Government or Reserve Bank of India.