The maximum fine under Section 26 of the Banning of Unregulated Deposit Schemes Act, 2019 may extend to:
Section 26 of the BUDS Act caps the fine for failing to give intimation at an amount extending to five lakh rupees, not one lakh, two lakh or ten lakh rupees.
Choose your answer
The maximum fine under Section 26 of the Banning of Unregulated Deposit Schemes Act, 2019 may extend to:
Answer and explanation
Correct answer C
Section 26 of the BUDS Act caps the fine for failing to give intimation at an amount extending to five lakh rupees, not one lakh, two lakh or ten lakh rupees.