Under the Banning of Unregulated Deposit Schemes Act, 2019, advances under long-term projects for…
Under BUDS s.2(4)(l)(iv), an advance under a long-term project for the supply of capital goods, other than immovable property advances under item (ii), is excluded from…
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Under the Banning of Unregulated Deposit Schemes Act, 2019, advances under long-term projects for supply of capital goods are:
Answer and explanation
Correct answer B
Under BUDS s.2(4)(l)(iv), an advance under a long-term project for the supply of capital goods, other than immovable property advances under item (ii), is excluded from deposit and is not restricted to companies.