Under Section 27 of the Banning of Unregulated Deposit Schemes Act, 2019, cognizance of offences…
Under section 27 of the BUDS Act, the Designated Court cannot take cognizance of an offence under section 4 except upon a complaint made by the Regulator, not a police…
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Under Section 27 of the Banning of Unregulated Deposit Schemes Act, 2019, cognizance of offences punishable under Section 4 can be taken only upon:
Answer and explanation
Correct answer B
Under section 27 of the BUDS Act, the Designated Court cannot take cognizance of an offence under section 4 except upon a complaint made by the Regulator, not a police report, a depositor's private complaint or a Competent Authority order.