Under the Banning of Unregulated Deposit Schemes Act, 2019, the appointment of Competent Authority…
Section 7(1) of the BUDS Act requires the appropriate Government to appoint the Competent Authority by notification, not by circular, ordinary Government order or judicial…
Choose your answer
Under the Banning of Unregulated Deposit Schemes Act, 2019, the appointment of Competent Authority shall be made by:
Answer and explanation
Correct answer C
Section 7(1) of the BUDS Act requires the appropriate Government to appoint the Competent Authority by notification, not by circular, ordinary Government order or judicial direction.