The power under Section 13(5) of the Banning of Unregulated Deposit Schemes Act, 2019 may be exercised…
Under section 13(5) of the BUDS Act, the Competent Authority may order immediate sale of perishable assets if it thinks it expedient, not upon Parliamentary permission,…
Choose your answer
The power under Section 13(5) of the Banning of Unregulated Deposit Schemes Act, 2019 may be exercised when the Competent Authority:
Answer and explanation
Correct answer B
Under section 13(5) of the BUDS Act, the Competent Authority may order immediate sale of perishable assets if it thinks it expedient, not upon Parliamentary permission, police direction or the deposit taker's consent.