Section 28, Banning of Unregulated Deposit Schemes Act, 2019 [S29-8ZB]

As at 7 September 2026. In force from 4 June 2019.

In Banning of Unregulated Deposit Schemes Act, 2019 [A11-PAS]. This text from 4 June 2019. No other text held.

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

Cite: Section 28, Banning of Unregulated Deposit Schemes Act, 2019 [S29-8ZB]. Machine: S29-8ZB.

28. Maintenance of records and furnishing of returns.—(1) Every depositor shall maintain such records and registers relating to the making of deposits as may be prescribed and shall preserve them for a period of five years. (2) Every depositor shall furnish to the Reserve Bank a return in Form B within seven days from the end of every financial year, and such other information as the Reserve Bank may, by order in writing, require.

Defined terms in this text (1)

Reserve Bank: Schedule 2, Banning of Unregulated Deposit Schemes Act, 2019 [S2985T] (In this Act, unless the context otherwise requires,—): "Reserve Bank" means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934)

Reserve Bank: 24 more definitions.

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