The court barred from taking cognizance under Section 27 of the Banning of Unregulated Deposit Schemes…
Section 27 of the BUDS Act bars the Designated Court, not the High Court, Supreme Court or a consumer forum, from taking cognizance of a section 4 offence except on the…
Choose your answer
The court barred from taking cognizance under Section 27 of the Banning of Unregulated Deposit Schemes Act, 2019 is:
Answer and explanation
Correct answer C
Section 27 of the BUDS Act bars the Designated Court, not the High Court, Supreme Court or a consumer forum, from taking cognizance of a section 4 offence except on the Regulator's complaint.