Under Section 30(1) of the Banning of Unregulated Deposit Schemes Act, 2019, the Competent Authority…
Section 30(1) lets the Competent Authority act "on receipt of information under section 29 or otherwise", so it is not limited to police information. It need not wait for a…
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Under Section 30(1) of the Banning of Unregulated Deposit Schemes Act, 2019, the Competent Authority may act:
Answer and explanation
Correct answer B
Section 30(1) lets the Competent Authority act "on receipt of information under section 29 or otherwise", so it is not limited to police information. It need not wait for a court direction, a depositor's complaint or a conviction.