Amendment status not verified — confirm the current text below against the official source.
Definitions, In this Act, unless the context otherwise requires,~ (a) “Assistant Collector” means an officer appointed as such under the Delhi Land Revenue Act, 1954 (Act 12 of 1954); (b) “Competent Authority" means the authority appointed under section 5; (c) “Delhi” means the National Capital Territory of Delhi; (d) “deposit” includes und shall be deemed always to have included any receipt of money or acceptance of any valuable commodity by any financial establishment to be returned after a specified period or otherwise, either in cash or in kind or in the form of a specified service with or without any benefit iv the form of interest, bonus, profit or in any other form, but does not include — (i) amount raised by way of share capital or by way of debenture, bond or any other instrument covered under the guidelines given, and regulations made, by the SEBI, established under the Securitics and Exchange Board of India Act, 1992 (15 of 1992); (ii) amounts contributed as capital by partners ofa firm; t (iii) amounts received fiom a scheduled bank or a co- operative bank or any other banking company as defined in | clause (c) of section 5 of the Banking Regulation Act, 1949, * (10 of 1949); (iv) any amount received from-- (a) the Industrial Development Bank of India; (b) a State Financial Corporation; (c) any financial institution specified in or under section 6 A of the Industrial Development Bank of India Act, 1964(18 of 1964), (d) any other institution that may be specified by the Government in this behalf, ss (v) amount received in the ordinary course of business by way of-- (a) security deposit, (b) dealership deposit; (c) earnest money; (d) advanced against order for goods or services; (vi) any amount received from an individual or a firm or an i association of individuals not being a body corporate, registered under any cnactment relating to money lending which is for the time being in force in Delhi; (vii) any amount received by way of subscriptions in respect ofa chit; Explanation 1.-- "Chit" has the meaning as assigned to it in clause (2) of section 2. of the Madras Chit Funds Act, 1961 (Madras Act 24 of 1961) as extended to the National Capital Territory of Delhi. i Explanation II. -- Any credit given by aseller to a buyer on the sale of any property (whether movable or-immovable) shall not be