The Uttar Pradesh Protection of Interest of Depositors in Financial Establishments Act, 2016
State Act of Uttar Pradesh · Act 16 of 201618 provisions
The enactment
| Long title | IN pursuance of the provisions of clause (3) of Article 348 of the Constitution, the Governor is pleased to order the publication of the following English translation of the Uttar Pradesh Vittiya Adhishthanon men Jamakarta Hit Sanrakshan Adhiniyam, 2016 (Uttar Pradesh Adhiniyam Sankhya 16 of 2016) as passed by the Uttar Pradesh Legislature and assented to by the President on May 21, 2016. |
|---|---|
| Type | Act |
| Citation | Act 16 of 2016 |
| Year | 2016 |
| Jurisdiction | State of Uttar Pradesh |
| Status | In force as published by the source |
| Provisions published | 18 |
| Subjects | financial |
Full text, provision by provision
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- Section 1 Short title, extent and commencement
- Section 2 Definitions
- Section 3 Fraudulent default by Financial Establishment
- Section 4 Attachment of properties on default of return of deposits
- Section 5 Appointment of Competent Authority
- Section 6 Report and return by Financial Establishment
- Section 7 Designed Court
- Section 8 Powers of Designed Court regarding attachment
- Section 9 Attachment of property of malafide transferees
- Section 10 Security in lieu of attachment
- Section 11 Administration of property attached
- Section 12 Appeal
- Section 13 Special Public Prosecutor
- Section 14 Procedure and powers of Designated Court regarding offences
- Section 15 Act to override other laws
- Section 16 Protection of action taken in good faith
- Section 17 Power to make rules
- Section 18 Power to remove difficulties
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