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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 depositorsí 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.