This book provides a ‘comprehensive coverage’ on the new law governing the Unregulated Deposit Schemes. It elucidates ‘chapter-wise commentary’ on provisions of the Banning of Unregulated Deposit Schemes Act, 2019.
Other relevant Acts such as Chit Funds, Prize Chits and Money Circulation Scheme, Companies (Acceptance of Deposits) Rules, 2014, Nidhi Rules, 2014 and Relevant Section of RBI Act, 1934 have also been incorporated.
The Present Publication is the Latest Edition & Updated till 29th August 2019, authored by Taxmann.
Coverage of this book includes:
- Guide to Banning of Unregulated Deposit Schemes Act, 2019 [Commentary]
- Background
- Banning of Unregulated Deposits
- Banning of Unregulated Deposit Schemes and Penalty for Offences
- Powers for Payment of Unpaid Deposits after Attachment, etc.
- Investigation, Search and Seizure under the Act
- Chit Funds Act, 1982
- Prize Chits and Money Circulation Schemes (Banning) Act, 1978
- Public Deposits by Company
- Nidhi or Mutual Benefit Society under Companies Act
- Deposit by Non-Banking Finance Companies
- Banning of Unregulated Deposit Schemes, 2019
- Arrangement of Sections
- Text of Banning of Unregulated Deposit Schemes Act, 2019
- Appendices
- Chit Fund Act, 1982
- Prize Chits and Money Circulation Schemes (Banning) Act, 1978
- Relevant Section of Companies Act, 2013
- Companies (Acceptance of Deposits) Rules, 2014
- Nidhi Rules, 2014
- Relevant Sections of Reserve Bank of India Act, 1934
