Under Section 44(2) of the Banning of Unregulated Deposit Schemes Act, 2019, actions taken under the…
Under section 44(2) of the BUDS Act, anything done or any action taken under the repealed Ordinance is deemed to have been done or taken under this Act, not the Companies…
Choose your answer
Under Section 44(2) of the Banning of Unregulated Deposit Schemes Act, 2019, actions taken under the Ordinance shall be deemed to have been taken under:
Answer and explanation
Correct answer B
Under section 44(2) of the BUDS Act, anything done or any action taken under the repealed Ordinance is deemed to have been done or taken under this Act, not the Companies Act, IPC alone or RBI guidelines.