Under Section 16(2) of the Banning of Unregulated Deposit Schemes Act, 2019, the property attached…
Under section 16(2) the Designated Court may attach property of the transferee "equivalent in value" to the property transferred. The attachment is capped at that value and…
Choose your answer
Under Section 16(2) of the Banning of Unregulated Deposit Schemes Act, 2019, the property attached shall be:
Answer and explanation
Correct answer B
Under section 16(2) the Designated Court may attach property of the transferee "equivalent in value" to the property transferred. The attachment is capped at that value and may cover movable or immovable property.