Under Section 21(3) of the Banning of Unregulated Deposit Schemes Act, 2019, the minimum fine for…
Under section 21(3) of the BUDS Act, fraudulent default in repayment carries a minimum fine of five lakh rupees, higher than the two lakh and three lakh minimums for the…
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Under Section 21(3) of the Banning of Unregulated Deposit Schemes Act, 2019, the minimum fine for fraudulent default is:
Answer and explanation
Correct answer C
Under section 21(3) of the BUDS Act, fraudulent default in repayment carries a minimum fine of five lakh rupees, higher than the two lakh and three lakh minimums for the lesser offences in sub-sections (1) and (2).