Under Section 17(1) of the Banning of Unregulated Deposit Schemes Act, 2019, permission may be sought…
Section 17(1) lets the person seek permission "to deposit the fair value of the property" in lieu of attachment. It is the fair value that is deposited, not a multiple or a…
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Under Section 17(1) of the Banning of Unregulated Deposit Schemes Act, 2019, permission may be sought to deposit:
Answer and explanation
Correct answer B
Section 17(1) lets the person seek permission "to deposit the fair value of the property" in lieu of attachment. It is the fair value that is deposited, not a multiple or a fraction of it.