Section 3: Banning of Unregulated Deposit Schemes.

The Banning of Unregulated Deposit Schemes Act, 2019Central Act · Act 21 of 2019

On and from the date of commencement of this Act,—

(a) the Unregulated Deposit Schemes shall be banned; and

(b) no deposit taker shall, directly or indirectly, promote, operate, issue any advertisement soliciting participation or enrolment in or accept deposits in pursuance of an Unregulated Deposit Scheme.

Where this provision sits

Act	The Banning of Unregulated Deposit Schemes Act, 2019
Section	3
Marginal note	Banning of Unregulated Deposit Schemes.
Jurisdiction	Central
Status	In force as published by the source

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