The authority empowered under Section 16 of the Banning of Unregulated Deposit Schemes Act, 2019 is:
Section 16 of the BUDS Act empowers the Designated Court to notice and attach mala fide transferees' property, not the Competent Authority, Reserve Bank of India or a local…
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The authority empowered under Section 16 of the Banning of Unregulated Deposit Schemes Act, 2019 is:
Answer and explanation
Correct answer B
Section 16 of the BUDS Act empowers the Designated Court to notice and attach mala fide transferees' property, not the Competent Authority, Reserve Bank of India or a local authority.