Bare ActsThe Bihar Protection of Interest of Depositors (In Financial Establishments) (Amendment) Act, 2017

Section 4

Amendment in section-9 of the Bihar Act, 18 of 2002

Amendment status not verified — confirm the current text below against the official source.

Amendment in section-9 of the Bihar Act, 18 of 2002 .- The following new clause (g) shall be added after clause (f) of sub section (2) of section-9 of the said Act:- "(g) In case the money realized from sale of property attached is not enough to cover the shortfall, the Designated Court may impose fine on every person, including the promoter, partner, director, manager or any other person or an employee responsible for the management of or conducting of the business of the affairs of such Financial Establishment to cover the shortfall as may be necessary for the purpose of repayment to the depositors." By order of the Governor of Bihar, SURENDRA PRASAD SHARMA, Secretary to Government. ———— अधी*क अधी*क अधी*क अधी*क, सिचवालय सिचवालय सिचवालय सिचवालय मुिणालय मुिणालय मुिणालय मुिणालय, बहार बहार बहार बहार, पटना पटना पटना पटना ारा ारा ारा ारा ूकािशत ूकािशत ूकािशत ूकािशत एवं एवं एवं एवं मु/ित। मु/ित। मु/ित। मु/ित। बहार बहार बहार बहार गजट गजट गजट गजट (असाधारण असाधारण असाधारण असाधारण) 303-571+400-ड% ड%ड% ड%0ट% ट% ट% ट%0पी पी पी पी0।।।। Website: http://egazette.bih.nic.in

Section 4 – The Bihar Protection of Interest of Depositors (In Financial Establishments) (Amendment) Act, 2017 | DailyLaw.ai