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Section 3 - Banning of Unregulated Deposit Schemes Act, 2019
Chapter II
Banning of Unregulated Deposit Schemes
3. Banning of Unregulated Deposit Schemes.-
On and from the date of commencement of this Act,-
(a) the Unregulated Deposit Schemes shall be banned; and
(b) no deposit taker shall, directly or indirectly, promote, operate, issue any advertisement soliciting participation or enrolment in or accept deposits in pursuance of an Unregulated Deposit Scheme.
Related Sections
Related Acts
- Taxation Laws (Second Amendment) Act, 2016
- Indian Trusts (Amendment) Act, 2016
- National Capital Territory of Delhi (Recognition of Property Rights of Residents in Unauthorised Colonies) Act, 2019
- Commission for Air Quality Management in National Capital Region and Adjoining Areas Act, 2021
- Enemy Property (Amendment and Validation) Act, 2017
* Only for reference.