Under Section 7(4) of the Banning of Unregulated Deposit Schemes Act, 2019, the Competent Authority has…
Section 7(4) gives the Competent Authority the same powers "as are vested in a civil court" under the Code of Civil Procedure, 1908 while trying a suit, for matters such as…
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Under Section 7(4) of the Banning of Unregulated Deposit Schemes Act, 2019, the Competent Authority has powers vested in:
Answer and explanation
Correct answer B
Section 7(4) gives the Competent Authority the same powers "as are vested in a civil court" under the Code of Civil Procedure, 1908 while trying a suit, for matters such as discovery, summoning, production of records, affidavits and commissions. It does not have a Magistrate's or a High Court's powers.