The maximum compensation under Section 20(3) of the Banning of Unregulated Deposit Schemes Act, 2019 is:
Section 20(3) of the BUDS Act caps such compensation at a sum not exceeding fifty thousand rupees, not ten thousand, twenty-five thousand or one lakh rupees.
Choose your answer
The maximum compensation under Section 20(3) of the Banning of Unregulated Deposit Schemes Act, 2019 is:
Answer and explanation
Correct answer C
Section 20(3) of the BUDS Act caps such compensation at a sum not exceeding fifty thousand rupees, not ten thousand, twenty-five thousand or one lakh rupees.