Section 4, Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 [S2K-MH6]
As at 7 September 2026. In force from 24 September 2000.
4. Registration of financial institutions.—(1) Every financial institution shall, within sixty days from the commencement of this Act or, where such person begins the business of a financial institution after such commencement, within seven days from the date of such beginning, make an application for registration to the Debts Recovery Tribunal in Form B, accompanied by a fee of two thousand rupees. (2) The Debts Recovery Tribunal shall, on being satisfied that the application is in order, register the applicant and issue a certificate of registration in such form as may be prescribed. (3) No financial institution shall carry on the business of a financial institution unless registered under this section.
Defined terms in this text (2)
financial institution: Section 2, Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 [S2KMFZ] (In this Act, unless the context otherwise requires,—): "financial institution" means a financial institution as defined in clause (c) of this Act-I of the Reserve Bank of India Act, 1934 (2 of 1934)
financial institution: 25 more definitions.
prescribed: Section 2, Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 [S2KMFZ] (In this Act, unless the context otherwise requires,—): "prescribed" means prescribed by rules made under this Act
prescribed: 996 more definitions.
Made under this section, or naming it (2)
Notification No. 3759/2001, dated 17th July, 2001 [N13-003], 17 July 2001, in force. The text contains "section 4 of the said Act".
Notification No. 1918/2003, dated 7th July, 2003 [N13-0BN], 7 July 2003, in force. The text contains "section 4 of the said Act".
Cited by (3)
Section 12, Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 [S2K-MSP], 24 September 2000, Band A. "section 4".
Section 17, Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 [S2K-MYR], 24 September 2000, Band A. "section 4".
Section 2, Maharashtra Protection of Interest of Depositors (in Financial Establishments) (Amendment) Act, 2011 [S2M-V33], 2 May 2011, Band A. "section 4 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000)".
Not held (0)
none
Duties published under this section (1)
D12-QM7. Every financial institution: Apply for registration to the Debts Recovery Tribunal in Form B, fee two thousand rupees; seven days from the commencement of the Act, or from beginning the activity; Form B. Published by Finance Department, Government of Maharashtra (synthetic record).