Who may file an appeal under Section 19 of the Banning of Unregulated Deposit Schemes Act, 2019?
Section 19 of the BUDS Act allows any person, including the Competent Authority, aggrieved by a final order to appeal, so both an aggrieved person and the Competent…
Choose your answer
Who may file an appeal under Section 19 of the Banning of Unregulated Deposit Schemes Act, 2019?
Answer and explanation
Correct answer C
Section 19 of the BUDS Act allows any person, including the Competent Authority, aggrieved by a final order to appeal, so both an aggrieved person and the Competent Authority may file it, not the deposit taker alone.