Under Section 2(2) of the Banning of Unregulated Deposit Schemes Act, 2019, the term "company" has the…
Section 2(2) of the Banning of Unregulated Deposit Schemes Act gives company the same meaning as assigned to it in clause (20) of section 2 of the Companies Act, 2013, not…
Choose your answer
Under Section 2(2) of the Banning of Unregulated Deposit Schemes Act, 2019, the term "company" has the same meaning as assigned under:
Answer and explanation
Correct answer C
Section 2(2) of the Banning of Unregulated Deposit Schemes Act gives company the same meaning as assigned to it in clause (20) of section 2 of the Companies Act, 2013, not the Companies Act, 1956, the Banking Regulation Act, or the RBI Act.