INDIA CODE

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Rule 3, Banning of Unregulated Deposit Schemes Act Rules, 2021 [S2A-FGH]

As at 6 September 2026. In force from 2 April 2021.

In Banning of Unregulated Deposit Schemes Act Rules, 2021 [R10-AAY]. This text from 2 April 2021. No other text held.

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Cite: Rule 3, Banning of Unregulated Deposit Schemes Act Rules, 2021 [S2A-FGH]. Machine: S2A-FGH.

3. Application for registration.—(1) An application for registration under sub-section (1) of section 4 of the Act shall be made to the Reserve Bank in Form A, in duplicate, and shall be accompanied by the documents specified in that Form. (2) The Reserve Bank shall, within seven days of the receipt of an application which is complete in all respects, issue a certificate of registration in Form B.

Defined terms in this text (1)

Reserve Bank: Section 2, Forfeited Deposits Act, 1850 [S11A6B] (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: Section 2, Rent Recovery Act, 1853 [S11HSK] (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: Section 2, Government Savings Banks Act, 1873 [S133PZ] (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: 22 more definitions.

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Rule 3, Banning of Unregulated Deposit Schemes Act Rules, 2021 [S2A-FGH]