Bare ActsThe Kerala Banning of Unregulated Deposit Schemes Rules

Section 2

Definitions

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Definitions.- (1) In these rules, unless the context otherwise requires,- (a) “Act” means the Banning of Unregulated Deposit Schemes Act, 2019 (Central Act 21 of 2019); (b) “application” means an application filed by the Competent Authority under section 14 of the Act; (c) “Competent Authority” means an authority appointed by the Government under section 7 of the Act; (d) “ Complaint” means a representation or allegation made in writing or through electronic means containing information on the promotion or operation of an Unregulated Deposit Scheme or any advertisement, inducing a person to invest in or become a member of the Unregulated Deposit Scheme; (e) “Designated Court” means a Court constituted by the Government under sub-section (1) of section 8 of the Act; (f) “Form” means a form appended to these rules; (g) “ Government” means the Government of Kerala; (h) “ State” means the State of Kerala . (2) The words and expressions used and not defined in these rules, shall have the same meaning as assigned to them in the Act.

Section 2 – The Kerala Banning of Unregulated Deposit Schemes Rules | DailyLaw.ai