Amendment status not verified — confirm the current text below against the official source.
Definitions :-In this Act, unless the context otherwise requires,- (a) "Competent Authority" means the Authority appointed under * Published by Odisha Gazette Extraordinary No. 1595, Dt. 19.8.2013 The Odisha Gazette EXTRAORDINARY PUBLISHED BY AUTHORITY No. 1595 Dated. 19 August, 2013 2 section 4; (b) "Deposit" means the deposit of money either in one lump sum or by installments made with the Financial Establishment for a fixed period for interest or for return in any kind or for any service; (c) "Designated Court" means the Designated Court constituted under section 8; (d) "Financial Establishment" means an individual or an association of individuals, a firm or a company registered under the Companies Act, 1956 carrying on the business of receiving deposits under any scheme or arrangement or in any manner but does not include a corporation or a co- operative 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; (e) "Government" means the Government of Odisha; and (f) "prescribed" means prescribed by rules made under this Act.