Duty D12-380, published by Department of Financial Services, Ministry of Finance [D12-380]
As at 6 September 2026. In force from 4 June 2019.
Addressee: Every financial institution.
Required: Apply for registration to the Reserve Bank in Form B, fee two thousand rupees.
Period: seven days from the commencement of the Act, or from beginning the activity.
Form: Form B.
Source: Section 4, Banning of Unregulated Deposit Schemes Act, 2019 [S29-87Y].
Penalty provision: Section 56, Banning of Unregulated Deposit Schemes Act, 2019 [S29-9V7].
Published by: Department of Financial Services, Ministry of Finance.
In force: from 4 June 2019.