Which of the following is a deposit taker under Section 2(6) of the Banning of Unregulated Deposit…
Section 2(6) lists among deposit takers "any individual or group of individuals", a proprietorship concern and a company, each in its own sub-clause. Each of the three can…
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Which of the following is a deposit taker under Section 2(6) of the Banning of Unregulated Deposit Schemes Act, 2019?
Answer and explanation
Correct answer D
Section 2(6) lists among deposit takers "any individual or group of individuals", a proprietorship concern and a company, each in its own sub-clause. Each of the three can therefore be a deposit taker.