Under Section 13(4) of the Banning of Unregulated Deposit Schemes Act, 2019, the Competent Authority…
Section 13(4) bars the Competent Authority from disposing of or alienating attached property except "in accordance with the order of the Designated Court" under section…
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Under Section 13(4) of the Banning of Unregulated Deposit Schemes Act, 2019, the Competent Authority shall not dispose of attached property except:
Answer and explanation
Correct answer B
Section 13(4) bars the Competent Authority from disposing of or alienating attached property except "in accordance with the order of the Designated Court" under section 15(3) or 15(5). Depositors' requests or Government approval cannot take the place of that order.