The effect of Section 44(2) of the Banning of Unregulated Deposit Schemes Act, 2019 is:
Section 44(2) of the BUDS Act provides that anything done or any action taken under the repealed Ordinance "shall be deemed to have been done or taken" under the…
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The effect of Section 44(2) of the Banning of Unregulated Deposit Schemes Act, 2019 is:
Answer and explanation
Correct answer B
Section 44(2) of the BUDS Act provides that anything done or any action taken under the repealed Ordinance "shall be deemed to have been done or taken" under the corresponding provisions of the Act. Past action is therefore saved, not invalidated, and pending matters continue without a fresh start.