Under the Banning of Unregulated Deposit Schemes Act, 2019, the attached property shall remain vested…
Section 13(2)(b) keeps the attached property vested in the Competent Authority until the Designated Court makes a "further order". Vesting is neither permanent nor limited…
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Under the Banning of Unregulated Deposit Schemes Act, 2019, the attached property shall remain vested in the Competent Authority:
Answer and explanation
Correct answer B
Section 13(2)(b) keeps the attached property vested in the Competent Authority until the Designated Court makes a "further order". Vesting is neither permanent nor limited to a fixed term or to the length of the investigation.