Which of the following is a power of the Competent Authority under Section 7(4) of the Banning of…
Under section 7(4) of the BUDS Act, the Competent Authority's civil-court-like powers include discovery and inspection, compelling production of records and receiving…
Choose your answer
Which of the following is a power of the Competent Authority under Section 7(4) of the Banning of Unregulated Deposit Schemes Act, 2019?
Answer and explanation
Correct answer D
Under section 7(4) of the BUDS Act, the Competent Authority's civil-court-like powers include discovery and inspection, compelling production of records and receiving evidence on affidavits, so all of the given options are correct.