Section 9. Central database

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Act: Banning of Unregulated Deposit Schemes Act, 2019
Section number: 9

Section reader

Chapter IV

Information on Deposit Takers

9. Central database.-

(1) The Central Government may designate an authority, whether existing or to be constituted, which shall create, maintain and operate an online database for information on deposit takers operating in India.

(2) The authority designated under sub-section (1) may require any Regulator or the Competent Authority to share such information on deposit takers, as may be prescribed.