The order of provisional attachment under Section 7(3) of the Banning of Unregulated Deposit Schemes…
Section 7(3) of the BUDS Act requires the Competent Authority to provisionally attach property by an order in writing, not orally, nor by depositor approval or police…
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The order of provisional attachment under Section 7(3) of the Banning of Unregulated Deposit Schemes Act, 2019 shall be:
Answer and explanation
Correct answer B
Section 7(3) of the BUDS Act requires the Competent Authority to provisionally attach property by an order in writing, not orally, nor by depositor approval or police authorisation alone.