Upon receipt of an application under Section 14 of the Banning of Unregulated Deposit Schemes Act,…
Under section 15(1) of the BUDS Act, upon receiving an application under section 14, the Designated Court must issue notice, not dismiss the application automatically,…
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Upon receipt of an application under Section 14 of the Banning of Unregulated Deposit Schemes Act, 2019, the Designated Court shall:
Answer and explanation
Correct answer B
Under section 15(1) of the BUDS Act, upon receiving an application under section 14, the Designated Court must issue notice, not dismiss the application automatically, transfer it to the High Court, or conduct only a police inquiry.