Central Act
4
Section 4. Fraudulent default in Regulated Deposit Schemes.
The Banning of Unregulated Deposit Schemes Act, 2019
In forceAll India (Central Act)
4. Fraudulent default in Regulated Deposit Schemes. No deposit taker, while accepting deposits pursuant to a Regulated Deposit Scheme, shall commit any fraudulent default in the repayment or return of deposit on maturity or in rendering any specified service promised against such deposit.