The Jammu and Kashmir Protection of Interests of Depositors (in Financial Establishments) Act, 2018
Union territory Act of Jammu and Kashmir · Act 13 of 201821 provisions
The enactment
| Long title | An Act to protect the deposits made by the public in the Financial Establishments and matters relating thereto. |
|---|---|
| Type | Act |
| Citation | Act 13 of 2018 |
| Year | 2018 |
| Jurisdiction | Union territory of Jammu and Kashmir |
| Status | In force as published by the source |
| Provisions published | 21 |
| Subjects | financial |
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- Section 1 Short title and commencement.
- Section 2 Definitions.
- Section 3 Attachment of properties on default of return of deposit.
- Section 4 Competent Authority
- Section 5 Report and return by Financial Establishment.
- Section 6 Default in Repayment of deposits and interests honoring the commitment.
- Section 7 Compounding of offence.
- Section 8 Designated Court.
- Section 9 Powers of Designated Court regarding attachment, sale, realization and distribution.
- Section 10 Attachment of property of malafide transferees.
- Section 11 Security in lieu of attachment.
- Section 12 Administration of property attached.
- Section 13 Appeal.
- Section 14 Special Public Prosecutor.
- Section 15 Procedure and powers of Designated Court regarding offences.
- Section 16 Offences non-bailable.
- Section 17 Act to override other laws.
- Section 18 Protection of action taken in good faith.
- Section 19 Power to make rules.
- Section 20 Power to remove difficulties.
- Section 21 Repeal and Savings.
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