Under the Banning of Unregulated Deposit Schemes Act, 2019, the Designated Court may assess:
Section 18(1)(b) empowers the Designated Court to "assess the value of the assets of the deposit taker" and to finalise the list of depositors and their dues. Criminal…
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Under the Banning of Unregulated Deposit Schemes Act, 2019, the Designated Court may assess:
Answer and explanation
Correct answer B
Section 18(1)(b) empowers the Designated Court to "assess the value of the assets of the deposit taker" and to finalise the list of depositors and their dues. Criminal liability is decided at the trial of the offence, and tax is assessed by the tax authorities.