The power under Section 10(2) of the Banning of Unregulated Deposit Schemes Act, 2019 may be exercised…
Under section 10(2) of the BUDS Act, it is the Competent Authority, not the Designated Court, Parliament or the Registrar of Companies alone, that may direct a deposit taker…
Choose your answer
The power under Section 10(2) of the Banning of Unregulated Deposit Schemes Act, 2019 may be exercised by:
Answer and explanation
Correct answer B
Under section 10(2) of the BUDS Act, it is the Competent Authority, not the Designated Court, Parliament or the Registrar of Companies alone, that may direct a deposit taker to furnish statements or information.