Section 4. Fraudulent default in Regulated Deposit Schemes
Review the original statutory text or switch to the plain-language version.
Related sections and acts remain accessible without interrupting your research flow.
Act
Banning of Unregulated Deposit Schemes Act, 2019
Section number
4
Section reader
4. Fraudulent default in Regulated Deposit Schemes.-
No deposit taker, while accepting deposits pursuant to a Regulated Deposit Scheme, shall commit any fraudulent default in the repayment or return of deposit on maturity or in rendering any specified service promised against such deposit.
