Taxmann's Banning of Unregulated Deposit Schemes Act 2019 with Banning of Unregulated Deposit Schemes Rules 2020 – Bare Act with Section Notes

Banning of Unregulated Deposit Schemes Act 2019 (BUDS Act) with Banning of Unregulated Deposit Schemes Rules 2020 (BUDS Rules) [Bare Act with Section Notes] by Taxmann provides a comprehensive presentation of the Act and Rules, alongside expert editorial notes, relevant case law references, and practical insights. It guides stakeholders through crucial concepts, including the definition of deposits, the distinction between regulated and unregulated schemes, the powers of authorities, and the penalties for contraventions.

This book is intended for the following audience:

• Legal Professionals & Litigators – Advocates, legal advisors, and in-house counsels dealing with economic offences, corporate litigation, or consumer protection matters
• Compliance Officers & Finance Executives – Corporate and financial professionals overseeing organisational deposit-taking activities
• Judges & Judicial Officers – Courts and adjudicating authorities needing a concise, accurate reference to the legislation
• Law Students & Academics – Scholars researching financial crimes and regulatory frameworks in India
• Regulatory & Enforcement Agencies – Officers in State/Central Governments, regulators, and law enforcement bodies conducting investigations or enforcement actions under the Act

The Present Publication is the 2025 Edition, covering the amended and updated text of the BUDS Act [Act No. 21 of 2019 ] and Rules, with the following noteworthy features:

• [Authentic Statutory Text] Presents the full text of The Banning of Unregulated Deposit Schemes Act, 2019 and The Banning of Unregulated Deposit Schemes Rules, 2020
• [Section Notes & Commentary] Each section is supplemented with concise notes and comments clarifying important definitions, procedures, and penalties
• [Pre-amendment Provisions] Incorporates the text of provisions as they existed prior to the amendment in the respective amendment footnotes, enabling the reader to understand the legal position before the amendment and its applicability during the pre-amendment period
• [Latest Amendments & Updates] Incorporates amendments and clarifications up to the 2025 edition, ensuring the content is current with legislative changes
• [Reader-friendly Presentation] The layout is designed for quick reference, with bold headings, enumerated sections, and cross-references
• [Practical Insights] Provides illustrative references to relevant case laws and how courts have approached bail, attachment, confiscation, and restitution under the Act
• [Comprehensive Annexures] Includes schedules, rules, and forms appended to the Act, offering a complete legal toolkit for practitioners

The coverage of the book is as follows:

• Full Text of the Act – Chapter-wise arrangement of sections covering preliminary definitions, the ban on unregulated deposits, offences, penalties, restitution procedures, authorities, and miscellaneous provisions
• Rules – Detailed rules explaining procedures for provisional attachment, submission of information by deposit takers, investigation protocols, and more
• Section-by-Section Commentary – Short overviews highlighting the legislative intent, scope, and key takeaways of each provision
• Relevant Case Laws – Illustrative citations reflecting how courts interpret and apply the Act in real-world scenarios, especially on bail, search and seizure, and powers of authorities
• Statutory Forms & Formats – Templates for intimation to the designated authority, attachment orders, and other procedural documents under the Rules