The power to designate authority under Section 9 of the Banning of Unregulated Deposit Schemes Act,…
Section 9(1) of the BUDS Act gives the Central Government, not the appropriate Government generally, the Reserve Bank of India or Parliament, the power to designate the…
Choose your answer
The power to designate authority under Section 9 of the Banning of Unregulated Deposit Schemes Act, 2019 lies with:
Answer and explanation
Correct answer B
Section 9(1) of the BUDS Act gives the Central Government, not the appropriate Government generally, the Reserve Bank of India or Parliament, the power to designate the authority for the central database.