The notice under Section 15(1) of the Banning of Unregulated Deposit Schemes Act, 2019 requires the…
Section 15(1) requires the notice to call upon the person to show cause "within a period of thirty days from the date of issue of notice" why the attachment should not be…
Choose your answer
The notice under Section 15(1) of the Banning of Unregulated Deposit Schemes Act, 2019 requires the person to show cause within:
Answer and explanation
Correct answer B
Section 15(1) requires the notice to call upon the person to show cause "within a period of thirty days from the date of issue of notice" why the attachment should not be made absolute. No longer period of sixty or ninety days is provided.