The authority referred to in Section 10(1) of the Banning of Unregulated Deposit Schemes Act, 2019 is…
Section 10(1) requires intimation to "the authority referred to in sub-section (1) of section 9", the authority that keeps the online database of deposit takers. The…
Choose your answer
The authority referred to in Section 10(1) of the Banning of Unregulated Deposit Schemes Act, 2019 is the authority mentioned under:
Answer and explanation
Correct answer C
Section 10(1) requires intimation to "the authority referred to in sub-section (1) of section 9", the authority that keeps the online database of deposit takers. The Competent Authority is appointed under section 7(1) and Designated Courts are constituted under section 8(1).