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Section 11: Every Financial Establishment shall keep in book form or electronic form, details of all deposits received by its separately in respect of each depositor, with the following particulars, namely

The Sikkim Protection of Interests of Depositors (in Financial Establishments ) Act,2009State Act of Sikkim · Act 12 of 2009

(a) name, address and phone number of the depositor,

(b) date, receipt number and amount of each deposit,

(c) duration and the due date of each deposit,

(d) date and the amount of interest accrued on each deposit,

(e) date of receipt of claim from the depositor for refund,

(f) date and amount of each repayments.

(g) reasons for delay in repayment beyond five working days.

12. (1) A Financial Establishment receiving any amount in the ordinary course of its business as security deposit from any of its employees for due performance of his/her duties in shall keep such amount an account at a Scheduled commercial bank or post office Sikkim in the joint names of the employee and the company. The account shall be operated only jointly by the employee and the company.

(2) The amount shall be repayable to the employee along with interest payable on such deposit account, unless such amount or any part thereof is liable to be appropriated by the company for the failure on the part of the employee for due performance of his/her duties.

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Intimations regarding key.

to functionaries be furnished.

Half yearly return of deposits to be furnished.

Closure or shifting of offices to be Publicized.

Return of deposits

Where this provision sits

ActThe Sikkim Protection of Interests of Depositors (in Financial Establishments ) Act,2009
Section11
Marginal noteEvery Financial Establishment shall keep in book form or electronic form, details of all deposits received by its separately in respect of each depositor, with the following particulars, namely
JurisdictionState of Sikkim
StatusIn force as published by the source

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