Under Section 11(1) of the Banning of Unregulated Deposit Schemes Act, 2019, the Competent Authority…
Under section 11(1) of the BUDS Act, the Competent Authority must share information received under section 29 with both the Central Bureau of Investigation and the authority…
Choose your answer
Under Section 11(1) of the Banning of Unregulated Deposit Schemes Act, 2019, the Competent Authority shall share information received under Section 29 with:
Answer and explanation
Correct answer C
Under section 11(1) of the BUDS Act, the Competent Authority must share information received under section 29 with both the Central Bureau of Investigation and the authority designated under section 9, not with only one of them or the High Court.