The ASSAM PROTECTION OF INTERESTS OF DEPOSITORS (IN FINANCIAL ESTABLISHMENTS) ACT, 2000
assam · 2000
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- S. 3Section 3 allows the government to attach or transfer assets of a financial establishment to protect depositors if it suspects fraud.
- S. 4Section 4 empowers the government to appoint a Competent authority to control attached properties and enforce penalties for financial establishment defaults.
- S. 6(i) No Court, other than the Co
- S. 7(i) (ii) ,
- S. 8Section 8 allows the court to attach a transferee's property if it finds the financial establishment's property transfer was not in good faith.
- S. 9Any Financial Establiament or cuo h h b
- S. 11Section 11 allows aggrieved individuals to appeal to the High Court within 30 days against a District and Sessions judge's order.
- S. 12Section 12 appoints a qualified Advocate as a Special Public Prosecutor to handle cases under this Act in district courts.
- S. 13(1) The Gourt of District and Central Act and powers c:o
- S. 15(i) The Government may make rules for carrying out the provisions of this Act
- S. 16The Court of District and Ses- ti on 'lf pro- • J d th }" t" f pcrty atta- s1ons u
- S. 2000{ii) It extends to the whole of Assam