Under the Banning of Unregulated Deposit Schemes Act, 2019, amount received in the course of business…
Under the opening words of BUDS s.2(4)(l), an amount received in the course of, or for the purpose of, business and bearing a genuine connection to that business is excluded…
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Under the Banning of Unregulated Deposit Schemes Act, 2019, amount received in the course of business with genuine connection to such business is:
Answer and explanation
Correct answer B
Under the opening words of BUDS s.2(4)(l), an amount received in the course of, or for the purpose of, business and bearing a genuine connection to that business is excluded from deposit, not treated as punishable or political funding.