1. Short title, extent and commencement
(1)
This Act may be called the Banning of Unregulated Deposit Schemes Act, 2019.
(2)
It extends to the whole of India *except the State of Jammu and Kashmir.
(3)
It shall be deemed to have come into force on the 21st day of February, 2019
Amendment notes (1)
- . Now applicable to the Union territory of Jammu and Kashmir and the Union territory of Ladakh by vide notification No. S.O. 3912 (E), dated 30th October, 2019.