Amendment status not verified — confirm the current text below against the official source.
Amendment in section 2 of the Bihar Act, 18 of 2002 -- (1) In the said Act sub-section (a) and (b) of section- 2 shall be substituted by the following :- "(a) "Competent Authority" means any officer notified by the State Government or the Collector of the district or any officer, not below the rank of Additional Collector or equivalent in the district. (b) "Designated Court" means the Designated Court Constituted under section 7;" (2) The following Explanation shall be added after sub-section (d) of section 2 of the said Act :- Explanation - "It shall also include deposit taking business in disguised form like the business of real-estate, plantation, tours and travels, cattle rearing, hotels, resorts , amusement parks, supply of any valuable goods or service or gift thereof etc."