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Section 2: Definitions- In this Act, unless the context otherwise requires

The Nagaland Protection of Interests of Depositors (in Financial Establishment) Act, 2014State Act of Nagaland · Act 9 of 2015

(1) "Competent Authority" means the authority appointed under Section 4.

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(2) "Deposit" means the deposit of money either in one lump sum or by installments made with the Financial Establishment for a fixed period for interest or for return in anykind or for any service.

(3) "Financial Establishment" means an individual or an association of individuals, a firm or a company registered under Companies Act,1956 (Central Act 1 of 1956) carrying on the business of receiving deposits under any scheme or arrangement or in any other manner but does not include a corporation or a co-operative society owned or controlled by any State Government or the Central Government or a banking company as defined under section 5 (c) of the Banking Regulation Act, 1949 (Central Act x of 1949).

(4) "Government" means the State Government.

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Where this provision sits

ActThe Nagaland Protection of Interests of Depositors (in Financial Establishment) Act, 2014
Section2
Marginal noteDefinitions- In this Act, unless the context otherwise requires
JurisdictionState of Nagaland
StatusIn force as published by the source

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