Under Section 2(8) of the Banning of Unregulated Deposit Schemes Act, 2019, "insurer" has the same…
Under BUDS s.2(8), insurer carries the same meaning as clause (9) of section 2 of the Insurance Act, 1938, not the Companies Act, Banking Regulation Act or RBI Act.
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Under Section 2(8) of the Banning of Unregulated Deposit Schemes Act, 2019, "insurer" has the same meaning as assigned in:
Answer and explanation
Correct answer C
Under BUDS s.2(8), insurer carries the same meaning as clause (9) of section 2 of the Insurance Act, 1938, not the Companies Act, Banking Regulation Act or RBI Act.