This book provides a ‘comprehensive coverage’ on the new law governing the Unregulated Deposit Schemes. It elucidates ‘chapter-wise commentary’ on provisions of the Banning of Unregulated Deposit Schemes Act, 2019.

Other relevant Acts such as Chit Funds, Prize Chits and Money Circulation Scheme, Companies (Acceptance of Deposits) Rules, 2014, Nidhi Rules, 2014 and Relevant Section of RBI Act, 1934 have also been incorporated.

The Present Publication is the Latest Edition & Updated till 29th August 2019, authored by Taxmann.

Coverage of this book includes:

Guide to Banning of Unregulated Deposit Schemes Act, 2019 [Commentary]
Background
Banning of Unregulated Deposits
Banning of Unregulated Deposit Schemes and Penalty for Offences
Powers for Payment of Unpaid Deposits after Attachment, etc.
Investigation, Search and Seizure under the Act
Chit Funds Act, 1982
Prize Chits and Money Circulation Schemes (Banning) Act, 1978
Public Deposits by Company
Nidhi or Mutual Benefit Society under Companies Act
Deposit by Non-Banking Finance Companies
Banning of Unregulated Deposit Schemes, 2019
Arrangement of Sections
Text of Banning of Unregulated Deposit Schemes Act, 2019
Appendices
Chit Fund Act, 1982
Prize Chits and Money Circulation Schemes (Banning) Act, 1978
Relevant Section of Companies Act, 2013
Companies (Acceptance of Deposits) Rules, 2014
Nidhi Rules, 2014
Relevant Sections of Reserve Bank of India Act, 1934