Which of the following may accompany repayment of a deposit under the Banning of Unregulated Deposit…
Section 2(4) covers money returnable "with or without any benefit in the form of interest, bonus, profit or in any other form". Interest, a bonus and profit are each such a…
Choose your answer
Which of the following may accompany repayment of a deposit under the Banning of Unregulated Deposit Schemes Act, 2019?
Answer and explanation
Correct answer D
Section 2(4) covers money returnable "with or without any benefit in the form of interest, bonus, profit or in any other form". Interest, a bonus and profit are each such a benefit, so all three may accompany repayment.