Banning of Unregulated Deposit Schemes Act, 2019

CHAPTER I

PRELIMINARY

1.     Short title, extent and commencement

2.     Definitions

CHAPTER II

BANNING OF UNREGULATED DEPOSIT SCHEMES

3.     Banning of Unregulated Deposit Scheme

4.     Fraudulent default in Regulated Deposit Schemes

5.     Wrongful inducement in relation to Unregulated Deposit Schemes

6.     Certain Scheme to be Unregulated Deposit Scheme

CHAPTER III

AUTHORITIES

7.     Competent Authority

8.     Designated Court

CHAPTER IV

INFORMATION ON DEPOSIT TAKERS

9.     Central Database

10.  Information of business by deposit taker

11.  Information to be shared

CHAPTER V

RESTITUTION TO DEPOSITORS

12.  Priority of depositor’s claim

13.  Precedence of Attachment

14.  Application for confirmation of attachment and sale of Property

15.  Confirmation of Attachment by Designated Court

16.  Attachment of Property of malafide transferees

17.  Payment in lieu of attachment

18.  Powers of Designated Court

19.  Appeal to High Court

20.  Power of Supreme Court to transfer cases

CHAPTER VI

OFFENCES AND PUNISHMENTS

21.  Punishment for contravention of Section 3

22.  Punishment for contravention of Section 4

23.  Punishment for contravention of Section 5

24.  Punishment for repeat offenders

25.  Offences by deposit takers other than individuals

26.  Punishment for contravention of Section 10

27.  Cognizance of offences

CHAPTER VII

INVESTIGATION, SEARCH AND SEIZURE

28.  Offences to be cognizable and non-bailable

29.  Competent Authority to be informed of offences

30.  Investigation of offences by Central Bureau of Investigation

31.  Power to enter, search and seize without warrant

32.  Application of Code of Criminal Procedure, 1973 (2 of 1974), to proceedings before Designated Court

CHAPTER VIII

MISCELLANEOUS

33.  Publication of advertisement of Unregulated Deposit Scheme

34.  Act to have overriding effect

35.  Application of other laws not barred

36.  Protection of action taken in good faith

37.  Power of Central Government to make Rules

38.  Power of State Government, etc., to make rules

39.  Laying of rules

40.  Power to amend First Schedule

41.  Act not to apply certain deposits

42.  Amendment to certain enactments

43.  Power to remove difficulties

44.  Repeal and saving

The First Schedule         Regulated Deposit Schemes

The Second Schedule     Amendments to Certain Enactments

Appendix 1    Banning of Unregulated Deposit Schemes Rules, 2020        

Appendix 2    State Rules                                                                             

1.     The Arunachal Pradesh Banning of Unregulated Deposit Schemes Rules, 2023  

2.     The Assam Banning of Unregulated Deposit Schemes Rules, 2022

3.     The Bihar Banning of Unregulated Deposit Schemes Rules, 2023

4.     The Delhi Banning of Unregulated Deposit Schemes Rules, 2024

5.     The Goa Banning of Unregulated Deposit Schemes Rules, 2022

6.     The Haryana Banning of Unregulated Deposit Schemes Rules, 2023

7.     The Jammu and Kashmir Banning of Unregulated Deposit Schemes Rules, 2022

8.     The Karnataka Banning of Unregulated Deposit Schemes Rules, 2020

9.     The Kerala Banning of Unregulated Deposit Schemes Rules, 2021

10.  The Manipur Banning of Unregulated Deposit Schemes Rules, 2021

11.  The Nagaland Banning of Unregulated Deposit Schemes Rules, 2023

12.  The Puducherry Banning of Unregulated Deposit Schemes Rules, 2023

13.  The Punjab Banning of Unregulated Deposit Schemes Rules, 2023

14.  Rajasthan Banning of Unregulated Deposit Schemes Rules, 2022

15.  The Sikkim Banning of Unregulated Deposit Schemes Rules, 2025

16.  The Tamil Nadu Banning of Unregulated Deposit Schemes Rules, 2023