Under Section 13(3) of the Banning of Unregulated Deposit Schemes Act, 2019, the Competent Authority…
Under section 13(3) of the BUDS Act, the Competent Authority must open an account in a scheduled bank for realised money, not a co-operative society, foreign bank or post…
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Under Section 13(3) of the Banning of Unregulated Deposit Schemes Act, 2019, the Competent Authority shall open an account in:
Answer and explanation
Correct answer C
Under section 13(3) of the BUDS Act, the Competent Authority must open an account in a scheduled bank for realised money, not a co-operative society, foreign bank or post office alone.