Forfeited Deposits Act, 1850 [A10-2W2]
As at 7 September 2026. In force from 25 November 1851 by S.O. 2908(E) [N11-7SR].
Sections (25)
Chapter I. PRELIMINARY
Chapter II. RESERVE BANK
Chapter III. OFFENCES AND PENALTIES
Section 1. Short title, extent and commencement [S11-A5D]
Section 2. Definitions [S11-A6B]
Section 3. Appointment of Reserve Bank [S11-A79]
Section 4. Registration of financials institution [S11-A8Q]
Section 5. Prohibition of the enforcement of security interest without licence [S11-A9N]
Section 6. Grant of licence [S11-AAK]
Section 7. Maintenance of records and furnishing of returns [S11-ABH]
Section 8. Powers of authorised officer [S11-ACZ]
Section 9. Power to issue directions [S11-ADX]
Section 10. Power to exempt [S11-AEV]
Section 11. Registration of bankings company [S11-AFS]
Section 12. Prohibition of the borrowing of money without licence [S11-AG2]
Section 13. Grant of licence [S11-AH0]
Section 14. Maintenance of records and furnishing of returns [S11-AJ6]
Section 15. Powers of authorised officer [S11-AK4]
Section 16. Power to issue directions [S11-AMA]
Section 17. Power to exempt [S11-AN8]
Section 18. Registration of depositors [S11-APE]
Section 19. Penalty for contravention [S11-AQC]
Section 20. Offences by companies [S11-ARJ]
Section 21. Appeal [S11-ASG]
Section 22. Cognizance of offences [S11-ATP]
Section 23. Protection of action taken in good faith [S11-AVM]
Section 24. Power to make rules [S11-AWT]
Section 25. Power to remove difficulties [S11-AXR]
Made under
No recital of a power is printed.
Acts on (0)
none
Acted on by (2)
Amends: Forfeited Deposits Act (Amendment) Act, 1942 [A10-B1W], 18 November 1942. "section 21 of the Forfeited Deposits Act, 1850 (25 of 1850)".
Commences: Notification S.O. 2908(E), dated 11th November, 1851 [N11-7SR], 25 November 1851. "shall come into force".
Not held (1)
"section 3 of the Reserve Bank of India Act, 1934"