The property referred to in Section 18(2) of the Banning of Unregulated Deposit Schemes Act, 2019 must…
Section 18(2) applies only to property that is attached under the Act and "vested in the Competent Authority". Unattached property, or things merely seized by the police,…
Choose your answer
The property referred to in Section 18(2) of the Banning of Unregulated Deposit Schemes Act, 2019 must be:
Answer and explanation
Correct answer A
Section 18(2) applies only to property that is attached under the Act and "vested in the Competent Authority". Unattached property, or things merely seized by the police, are outside it.