Under the Explanation to Section 21 of the Banning of Unregulated Deposit Schemes Act, 2019, entirely…
Explanation (ii) to section 21 provides that where the terms of a deposit scheme are entirely impracticable or unviable, they are "relevant facts" showing an intention to…
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Under the Explanation to Section 21 of the Banning of Unregulated Deposit Schemes Act, 2019, entirely impracticable or unviable terms of a Deposit Scheme are:
Answer and explanation
Correct answer C
Explanation (ii) to section 21 provides that where the terms of a deposit scheme are entirely impracticable or unviable, they are "relevant facts" showing an intention to defraud. They are relevant, not conclusive, so the court still weighs them with the other evidence.