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THE JAMMU AND KASHMIR PROTECTION OF INTERESTS OF DEPOSITORS (IN FINANCIAL ESTABLISHMENTS) ACT, 2018

Jammu and Kashmir

An Act to protect the deposits made by the public in the Financial Establishments and matters relating thereto.

Act number
13 of 2018
Department
Finance
Enacted
29 Mar 2018
In force from
29 Mar 2018

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

21 sections

  1. Section 1Short title and commencement.
  2. Section 2Definitions.
  3. Section 3Attachment of properties on default of return of deposit.
  4. Section 4Competent Authority
  5. Section 5Report and return by Financial Establishment.
  6. Section 6Default in Repayment of deposits and interests honoring the commitment.
  7. Section 7Compounding of offence.
  8. Section 8Designated Court.
  9. Section 9Powers of Designated Court regarding attachment, sale, realization and distribution.
  10. Section 10Attachment of property of malafide transferees.
  11. Section 11Security in lieu of attachment.
  12. Section 12Administration of property attached.
  13. Section 13Appeal.
  14. Section 14Special Public Prosecutor.
  15. Section 15Procedure and powers of Designated Court regarding offences.
  16. Section 16Offences non-bailable.
  17. Section 17Act to override other laws.
  18. Section 18Protection of action taken in good faith.
  19. Section 19Power to make rules.
  20. Section 20Power to remove difficulties.
  21. Section 21Repeal and Savings.