The commencement provision under Section 1(3) of the Banning of Unregulated Deposit Schemes Act, 2019…
Section 1(3) provides that the Act "shall be deemed to have come into force on the 21st day of February, 2019", the date of the Ordinance it replaced. It therefore did not…
Choose your answer
The commencement provision under Section 1(3) of the Banning of Unregulated Deposit Schemes Act, 2019 states that the Act:
Answer and explanation
Correct answer B
Section 1(3) provides that the Act "shall be deemed to have come into force on the 21st day of February, 2019", the date of the Ordinance it replaced. It therefore did not wait for assent or for any notification by the Central Government.