Banning of Unregulated Deposit Schemes Act, 2019

Chapter: I
PRELIMINARY
Section 1	:	Short title, extent and commencement.
Section 2	:	Definition
Chapter: II
BANNING OF UNREGULATED DEPOSIT SCHEMES
Section 3	:	Banning of Unregulated Deposit Schemes.
Section 4	:	Fraudulent default in Regulated Deposit Schemes.
Section 5	:	Wrongful inducement in relation to Unregulated Deposit Schemes.
Section 6	:	Certain scheme to be Unregulated Deposit Scheme.
Chapter: III
AUTHORITIES
Section 7	:	Competent Authority.
Section 8	:	Designated Court.
Chapter: IV
INFORMATION ON DEPOSIT TAKERS
Section 9	:	Central database.
Section 10	:	Information of business by deposit taker.
Section 11	:	Information to be shared.
Chapter: V
RESTITUTION TO DEPOSITORS
Section 12	:	Priority of depositors’ claim.
Section 13	:	Precedence of attachment.
Section 14	:	Application for confirmation of attachment and sale of property.
Section 15	:	Confirmation of attachment by Designated Court.
Section 16	:	Attachment of property of mala fide transferees.
Section 17	:	Payment in lieu of attachment.
Section 18	:	Powers of Designated Court.
Section 19	:	Appeal to High Court.
Section 20	:	Power of Supreme Court to transfer cases.
Chapter: VI
OFFENCES AND PUNISHMENTS
Section 21	:	Punishment for contravention of section 3.
Section 22	:	Punishment for contravention of section 4.
Section 23	:	Punishment for contravention of section 5.
Section 24	:	Punishment for repeat offenders.
Section 25	:	Offences by deposit takers other than individuals.
Section 26	:	Punishment for contravention of section 10.
Section 27	:	Cognizance of offences.
Chapter: VII
INVESTIGATION, SEARCH AND SEIZURE
Section 28	:	Offences to be cognizable and non-bailable.
Section 29	:	Competent Authority to be informed of offences.
Section 30	:	Investigation of offences by Central Bureau of Investigation.
Section 31	:	Power to enter, search and seize without warrant.
Section 32	:	Application of Code of Criminal Procedure, 1973 to proceedings before Designated Court.
Chapter: VIII
MISCELLANEOUS
Section 33	:	Publication of advertisement of Unregulated Deposit Scheme.
Section 34	:	Ordinance to have overriding effect.
Section 35	:	Application of other laws not barred.
Section 36	:	Protection of action taken in good faith.
Section 37	:	Power of Central Government to make rules.
Section 38	:	Power of State Government, etc., to make rules.
Section 39	:	Laying of rules.
Section 40	:	Power to remove difficulties.
Section 41	:	Act not to apply certain deposits.
Section 42	:	Amendment to certain enactments.
Section 43	:	Power to remove difficulties.
Section 44	:	Repeal and saving.
SCHEDULE
SCHEDULE - 01	:	REGULATED DEPOSIT SCHEMES
SCHEDULE - 02 (PART- 1)	:	Amendment of section 45-1 of Act 2 of 1934.
SCHEDULE - 02 (PART- 2)	:	Amendment of section 11 of Act 15 of 1992.
SCHEDULE - 02 (PART- 3)	:	Amendment of section 67 of Act 39 of 2002.