Under Section 13(2)(a) of the Banning of Unregulated Deposit Schemes Act, 2019, a provisional…
Section 13(2)(a) keeps a provisional attachment in force until an order is passed under "sub-section (3) or sub-section (5) of section 15" by the Designated Court. The…
Choose your answer
Under Section 13(2)(a) of the Banning of Unregulated Deposit Schemes Act, 2019, a provisional attachment shall continue until:
Answer and explanation
Correct answer C
Section 13(2)(a) keeps a provisional attachment in force until an order is passed under "sub-section (3) or sub-section (5) of section 15" by the Designated Court. The Competent Authority cannot end it on its own, and the progress of the police case does not affect it.