The notice under Section 16(1) of the Banning of Unregulated Deposit Schemes Act, 2019 specifies:
Under section 16(1) of the BUDS Act, the notice specifies a date for the transferee to appear and show cause, not a date fixed for criminal trial, police interrogation or by…
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The notice under Section 16(1) of the Banning of Unregulated Deposit Schemes Act, 2019 specifies:
Answer and explanation
Correct answer A
Under section 16(1) of the BUDS Act, the notice specifies a date for the transferee to appear and show cause, not a date fixed for criminal trial, police interrogation or by depositors.