Under Section 18(1)(a) of the Banning of Unregulated Deposit Schemes Act, 2019, the Designated Court…
Under section 18(1)(a) of the BUDS Act, the Designated Court has power to approve the statement of dues of the deposit taker due from various debtors, not to arrest debtors,…
Choose your answer
Under Section 18(1)(a) of the Banning of Unregulated Deposit Schemes Act, 2019, the Designated Court has power to:
Answer and explanation
Correct answer B
Under section 18(1)(a) of the BUDS Act, the Designated Court has power to approve the statement of dues of the deposit taker due from various debtors, not to arrest debtors, dissolve companies or grant banking licences.