Under Section 18(1)(g) of the Banning of Unregulated Deposit Schemes Act, 2019, the Designated Court may:
Section 18(1)(g) is a residuary power to "pass any other order as it deems fit for realisation of assets of the deposit taker and repayment to depositors". Winding up a…
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Under Section 18(1)(g) of the Banning of Unregulated Deposit Schemes Act, 2019, the Designated Court may:
Answer and explanation
Correct answer A
Section 18(1)(g) is a residuary power to "pass any other order as it deems fit for realisation of assets of the deposit taker and repayment to depositors". Winding up a company belongs to the National Company Law Tribunal, and rules are made by the Governments, not the Court.