Section 1Central Act
Section 1: Short title, extent and commencement.
(1) This Act may be called the Banning of Unregulated Deposit Schemes Act, 2019.
(2) It extends to the whole of India *except the State of Jammu and Kashmir.
(3) It shall be deemed to have come into force on the 21st day of February, 2019
*. Now applicable to the Union territory of Jammu and Kashmir and the Union territory of Ladakh by vide notification No. S.O. 3912 (E), dated 30th October, 2019.
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