(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
(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.