Under Section 22 of the Banning of Unregulated Deposit Schemes Act, 2019, the minimum fine shall not be…
Section 22 of the BUDS Act sets the minimum fine for contravening section 4 at not less than five lakh rupees, higher than the two lakh minimum under section 21(1) but the…
Choose your answer
Under Section 22 of the Banning of Unregulated Deposit Schemes Act, 2019, the minimum fine shall not be less than:
Answer and explanation
Correct answer B
Section 22 of the BUDS Act sets the minimum fine for contravening section 4 at not less than five lakh rupees, higher than the two lakh minimum under section 21(1) but the same floor as section 21(3).