The definition of "insurer" in the Banning of Unregulated Deposit Schemes Act, 2019 is borrowed from…
BUDS s.2(8) borrows the definition of insurer from clause (9) of section 2 of the Insurance Act, 1938, rather than from company, SARFAESI or SEBI legislation.
Choose your answer
The definition of "insurer" in the Banning of Unregulated Deposit Schemes Act, 2019 is borrowed from clause (9) of section 2 of:
Answer and explanation
Correct answer A
BUDS s.2(8) borrows the definition of insurer from clause (9) of section 2 of the Insurance Act, 1938, rather than from company, SARFAESI or SEBI legislation.