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Section 40: Power to amend First Schedule.

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

(1) The Central Government may, having regard to the objects of this Act, and if it considers necessary or expedient so to do, by notification, add to, or as the case may be, omit from the First Schedule, any scheme or arrangement, and on such addition, or omission, such scheme or arrangement shall become, or cease to be, a Regulated Deposit Scheme, as the case may be.

(2) A copy of every notification issued under this section shall, as soon as may be after it has been issued, be laid before each House of Parliament.

Where this provision sits

ActThe Banning of Unregulated Deposit Schemes Act, 2019
Section40
Marginal notePower to amend First Schedule.
JurisdictionCentral
StatusIn force as published by the source

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