Under the Banning of Unregulated Deposit Schemes Act, 2019, the Competent Authority must have reason to…
Section 30(1) of the BUDS Act requires the Competent Authority to have reason to believe the location and public-interest conditions in clauses (a) and (b) are both…
Choose your answer
Under the Banning of Unregulated Deposit Schemes Act, 2019, the Competent Authority must have reason to believe that:
Answer and explanation
Correct answer B
Section 30(1) of the BUDS Act requires the Competent Authority to have reason to believe the location and public-interest conditions in clauses (a) and (b) are both satisfied, not mere civil liability, a single affected depositor, or compoundability.