Under Section 18(2) of the Banning of Unregulated Deposit Schemes Act, 2019, an application may be made…
Section 18(2) permits a person claiming an interest in assets already attached and vested in the Competent Authority to seek its specified just and reasonable orders.…
Choose your answer
Under Section 18(2) of the Banning of Unregulated Deposit Schemes Act, 2019, an application may be made by:
Answer and explanation
Correct answer A
Section 18(2) permits a person claiming an interest in assets already attached and vested in the Competent Authority to seek its specified just and reasonable orders. Applicants are not confined to deposit takers or depositors. The Competent Authority must receive an opportunity to be heard.