Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 [A12-5WE]

As at 7 September 2026. In force from 24 September 2000.

Dates: made 24 September 2000; in force 24 September 2000; ceased none recorded. Gazette: none recorded. Band A.

Jurisdiction: Maharashtra [IN-MH]. Made by the Legislature of Maharashtra.

Synthetic. The words of this Act are generated by the register; its title, number and year are real.

Cite: Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000, Maharashtra Act 16 of 2000 [A12-5WE]. Machine: A12-5WE.

Sections (18)

Chapter I. PRELIMINARY

Chapter II. DEBTS RECOVERY TRIBUNAL

Chapter III. OFFENCES AND PENALTIES

Chapter IV. MISCELLANEOUS

Section 1. Short title, extent and commencement [S2K-MEX]

Section 2. Definitions [S2K-MFZ]

Section 3. Appointment of Debts Recovery Tribunal [S2K-MG4]

Section 4. Registration of financial institutions [S2K-MH6]

Section 5. Prohibition of the enforcement of security interest without licence [S2K-MJ0]

Section 6. Grant of licence [S2K-MK2]

Section 7. Maintenance of records and furnishing of returns [S2K-MMC]

Section 8. Powers of authorised officer [S2K-MNE]

Section 9. Power to issue directions [S2K-MP8]

Section 10. Power to exempt [S2K-MQA]

Section 11. Registration of banking companies [S2K-MRM]

Section 12. Penalty for contravention [S2K-MSP]

Section 13. Offences by companies [S2K-MTG]

Section 14. Appeal [S2K-MVJ]

Section 15. Cognizance of offences [S2K-MWW]

Section 16. Protection of action taken in good faith [S2K-MXY]

Section 17. Power to make rules [S2K-MYR]

Section 18. Power to remove difficulties [S2K-MZT]

Made under

No recital of a power is printed.

Acts on (0)

none

Acted on by (5)

Amends: Maharashtra Protection of Interest of Depositors (in Financial Establishments) (Amendment) Act, 2011 [A12-8FW], 2 May 2011. "section 4 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000)".

Exempts: Notification No. 3759/2001, dated 17th July, 2001 [N13-003], 17 July 2001. "section 4 of the said Act".

Exempts: Notification No. 1918/2003, dated 7th July, 2003 [N13-0BN], 7 July 2003. "section 4 of the said Act".

Amends: Maharashtra Protection of Interest of Depositors (in Financial Establishments) (Amendment) Act, 2023 [A12-BZN], 23 November 2023. "section 12 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000)".

Amends: Maharashtra Protection of Interest of Depositors (in Financial Establishments) (Amendment) Act, 2006 [A12-7C3], 27 October 2006. "section 12 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000)".

Not held (0)

none