The minimum fine under Section 24 of the Banning of Unregulated Deposit Schemes Act, 2019 is:
Under section 24 of the BUDS Act, the minimum fine for a repeat offender is ten lakh rupees, higher than the five lakh minimum set for a first fraudulent-default or section…
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The minimum fine under Section 24 of the Banning of Unregulated Deposit Schemes Act, 2019 is:
Answer and explanation
Correct answer B
Under section 24 of the BUDS Act, the minimum fine for a repeat offender is ten lakh rupees, higher than the five lakh minimum set for a first fraudulent-default or section 22 offence.