Under Section 7(5) of the Banning of Unregulated Deposit Schemes Act, 2019, the Competent Authority may…
Section 7(5) lets the Competent Authority summon any person whose attendance it considers necessary, whether "to give evidence" or to produce records. It may do either, and…
Choose your answer
Under Section 7(5) of the Banning of Unregulated Deposit Schemes Act, 2019, the Competent Authority may summon any person:
Answer and explanation
Correct answer C
Section 7(5) lets the Competent Authority summon any person whose attendance it considers necessary, whether "to give evidence" or to produce records. It may do either, and it needs no leave of the Designated Court.