Under Section 17(1) of the Banning of Unregulated Deposit Schemes Act, 2019, an application may be made…
Section 17(1) allows a person whose property is about to be or has been provisionally attached to apply, at any time "before the confirmation of attachment", for permission…
Choose your answer
Under Section 17(1) of the Banning of Unregulated Deposit Schemes Act, 2019, an application may be made before:
Answer and explanation
Correct answer C
Section 17(1) allows a person whose property is about to be or has been provisionally attached to apply, at any time "before the confirmation of attachment", for permission to deposit the fair value of the property in lieu of attachment. Once the attachment is confirmed the option is gone, so later stages such as sale or distribution are too late.