Under the Banning of Unregulated Deposit Schemes Act, 2019, the Designated Court is constituted under:
Section 8 of the BUDS Act empowers the appropriate Government to constitute Designated Courts presided over by a District and Sessions Judge or equivalent, so the Designated…
Choose your answer
Under the Banning of Unregulated Deposit Schemes Act, 2019, the Designated Court is constituted under:
Answer and explanation
Correct answer C
Section 8 of the BUDS Act empowers the appropriate Government to constitute Designated Courts presided over by a District and Sessions Judge or equivalent, so the Designated Court is created under section 8, not sections 5, 7 or 10.