Amendment status not verified — confirm the current text below against the official source.
For Statement of Objects and Reasons, see Haryana Government Gazette (Extra.) dated the 7th September, 2013, page 4037. 198 (iv) any amount received from— (I) the Industrial Development Bank of India; (II) a State Financial Corporation; (III) any financial institution specified in section 4A of the Companies Act, 1956 (Central Act 1 of 1956); or (IV) any other institution that may be specified by Government in this behalf; (v) amounts received in the ordinary course of business by way of– (I) security deposit; (II) dealership deposit; (III) earnest money; or (IV) advance against order for goods or services; (vi) any amount received from an individual or a firm or an association of individuals not being a body corporate, registered under any enactment relating to money lending for the time being in force in the State; (vii) any amount received by way of subscriptions in respect of a Chit. Explanation.– For the purpose of this clause, “Chit” shall have the same meaning as assigned to it under clause (b) of section 2 of the Chit Funds Act, 1982 (Central Act 40 of 1982); and (viii) any credit given by a seller to a buyer on the sale of any property (whether movable or immovable); (c) “designated court” means the court constituted under section 9; (d) “financial establishment” means an individual, an association of individuals, a firm or a company registered under the Companies Act, 1956 (Central Act 1 of 1956) or limited liability partnership registered under the Limited Liability Partnership Act, 2008 (Central Act 6 of 2009) accepting deposit under any scheme or arrangement or in any other manner but does not include a corporation or a cooperative society owned or controlled by any State Government or the Central Government or a banking company as defined under clause (c) of section 5 of the Banking Regulation Act, 1949 (Central Act 10 of 1949); (e) “Government” means the Government of the State of Haryana in the Administrative Department. 2014: Hr. Act 32] PROTECTION OF INTEREST OF DEPOSITORS IN FINANCIAL ESTABLISHMENT 199