The Banning of Unregulated Deposit Schemes Act, 2019
Central · 2019
- S. 1Short title, extent and commencement.
- S. 2Definitions.
- S. 3Banning of Unregulated Deposit Schemes.
- S. 4Fraudulent default in Regulated Deposit Schemes.
- S. 5Wrongful inducement in relation to Unregulated Deposit Schemes.
- S. 6Certain scheme to be Unregulated Deposit Scheme.
- S. 7Competent Authority.
- S. 8Designated Court.
- S. 9Central database.
- S. 10Information of business by deposit taker.
- S. 11Information to be shared.
- S. 12Priority of depositors' claim.
- S. 13Precedence of attachment.
- S. 14Application for confirmation of attachment and sale of property.
- S. 15Confirmation of attachment by Designated Court.
- S. 16Attachment of property of mala fide transferees.
- S. 17Payment in lieu of attachment.
- S. 18Powers of Designated Court.
- S. 19Appeal to High Court.
- S. 20Power of Supreme Court to transfer cases.
- S. 21Punishment for contravention of section 3.
- S. 22Punishment for contravention of section 4.
- S. 23Punishment for contravention of section 5.
- S. 24Punishment for repeat offenders.
- S. 25Offences by deposit takers other than individuals.
- S. 26Punishment for contravention of section 10.
- S. 27Cognizance of offences.
- S. 28Offences to be cognizable and non-bailable.
- S. 29Competent Authority to be informed of offences.
- S. 30Investigation of offences by Central Bureau of Investigation.
- S. 31Power to enter, search and seize without warrant.
- S. 32Application of Code of Criminal Procedure, 1973 to proceedings before Designated Court.
- S. 33Publication of advertisement of Unregulated Deposit Scheme.
- S. 34Act to have overriding effect.
- S. 35Application of other laws not barred.
- S. 36Protection of action taken in good faith.
- S. 37Power of Central Government to make rules.
- S. 38Power of State Government, etc., to make rules.
- S. 39Laying of rules.
- S. 40Power to amend First Schedule.
- S. 41Act not to apply certain deposits.
- S. 42Amendment to certain enactments.
- S. 43Power to remove difficulties.
- S. 44Repeal and saving.