The Explanation to Section 18 of the Banning of Unregulated Deposit Schemes Act, 2019 also includes:
The Explanation to section 18 also brings within "deposit taker" "any other person whose property or assets have been attached" under the Act. It is the attachment that…
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The Explanation to Section 18 of the Banning of Unregulated Deposit Schemes Act, 2019 also includes:
Answer and explanation
Correct answer B
The Explanation to section 18 also brings within "deposit taker" "any other person whose property or assets have been attached" under the Act. It is the attachment that matters, not a shareholding, the returns received or the role of auditor.