advertisement
Bare Acts
The Banning of Unregulated Deposit Schemes Act, 2019
An Act to provide for a comprehensive mechanism to ban the unregulated deposit schemes, other than deposits taken in the ordinary course of business, and to protect the interest of depositors and for matters connected therewith or incidental thereto.
अविनियमित निक्षेप स्कीीम पाबंदी अधिनियम, 2019
Act Details
Act Number:
21
Act Year:
2019
Location:
Enactment Date:
7/31/2019
Enforcement Date:
21-02-2019
Ministry:
Ministry of Finance
Department:
Department of Financial Services
Full List of Sections
PRELIMINARY
BANNING OF UNREGULATED DEPOSIT SCHEMES
Section 3 to Section 6
AUTHORITIES
INFORMATION ON DEPOSIT TAKERS
RESTITUTION TO DEPOSITORS
Section 12 to Section 20
Section 12
Priority of depositors' claim.Section 13
Precedence of attachment.Section 17
Payment in lieu of attachment.Section 18
Powers of Designated Court.Section 19
Appeal to High Court.OFFENCES AND PUNISHMENTS
INVESTIGATION, SEARCH AND SEIZURE
Section 28 to Section 32
MISCELLANEOUS
Section 33 to Section 44
Section 34
Act to have overriding effect.Section 35
Application of other laws not barred.Section 39
Laying of rules.Section 40
Power to amend First Schedule.Section 41
Act not to apply certain deposits.Section 42
Amendment to certain enactments.Section 43
Power to remove difficulties.Section 44
Repeal and saving.