The Banning of Unregulated Deposit Schemes Act, 2019 is deemed to have come into force on:
Section 1(3) of the Banning of Unregulated Deposit Schemes Act deems the Act to have come into force on the 21st day of February, 2019, not 31 July, 1 January, or 15 August…
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The Banning of Unregulated Deposit Schemes Act, 2019 is deemed to have come into force on:
Answer and explanation
Correct answer C
Section 1(3) of the Banning of Unregulated Deposit Schemes Act deems the Act to have come into force on the 21st day of February, 2019, not 31 July, 1 January, or 15 August 2019.