Section 9, Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 [S2K-MP8]
As at 7 September 2026. In force from 24 September 2000.
9. Power to issue directions.—(1) The Debts Recovery Tribunal may, by order in writing, direct any financial institution to take such measures in relation to the business of a financial institution as may be specified in the order, and such person shall comply with the direction within the period specified therein. (2) An order under sub-section (1) shall state the reasons on which it is made and shall be served on the person to whom it is addressed in such manner as may be prescribed.
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 (16)
Standing Order No. 901/2019 of the Finance Department, Government of Maharashtra dated 13th September, 2019 on the business of a financial institution [C1F-5YK], 13 September 2019, in force. Recital: "In exercise of the powers conferred by section 9 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000), the Finance Department, Government of Maharashtra hereby issues the following Standing Order for the guidance of all officers subordinate to it:"
Standing Order No. 4036/2016 of the Finance Department, Government of Maharashtra dated 8th March, 2016 on the business of factoring [C13-DWX], 8 March 2016, in force. Recital: "In exercise of the powers conferred by section 9 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000), the Finance Department, Government of Maharashtra hereby issues the following Standing Order for the guidance of all officers subordinate to it:"
Standing Order No. 1410/2015 of the Finance Department, Government of Maharashtra dated 3rd September, 2015 on the making of deposits [C11-ESB], 3 September 2015, in force. Recital: "In exercise of the powers conferred by section 9 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000), the Finance Department, Government of Maharashtra hereby issues the following Standing Order for the guidance of all officers subordinate to it:"
Standing Order No. 4880/2014 of the Finance Department, Government of Maharashtra dated 7th September, 2014 on the business of a nidhi [C17-4QF], 7 September 2014, in force. Recital: "In exercise of the powers conferred by section 9 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000), the Finance Department, Government of Maharashtra hereby issues the following Standing Order for the guidance of all officers subordinate to it:"
Standing Order No. 669/2020 of the Finance Department, Government of Maharashtra dated 26th May, 2020 on the enforcement of security interest [C15-QCA], 26 May 2020, in force. Recital: "In exercise of the powers conferred by section 9 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000), the Finance Department, Government of Maharashtra hereby issues the following Standing Order for the guidance of all officers subordinate to it:"
Standing Order No. 244/2013 of the Finance Department, Government of Maharashtra dated 24th June, 2013 on the recovery of dues on behalf of a lender [C1A-WVZ], 24 June 2013, in force. Recital: "In exercise of the powers conferred by section 9 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000), the Finance Department, Government of Maharashtra hereby issues the following Standing Order for the guidance of all officers subordinate to it:"
Standing Order No. 2574/2019 of the Revenue Department, Government of Maharashtra dated 24th October, 2019 on the business of a business correspondent [C1B-DM7], 24 October 2019, in force. Recital: "In exercise of the powers conferred by section 9 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000), the Revenue Department, Government of Maharashtra hereby issues the following Standing Order for the guidance of all officers subordinate to it:"
Standing Order No. 1114/2011 of the Finance Department, Government of Maharashtra dated 14th June, 2011 on the business of a business correspondent [C18-SJ9], 14 June 2011, in force. Recital: "In exercise of the powers conferred by section 9 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000), the Finance Department, Government of Maharashtra hereby issues the following Standing Order for the guidance of all officers subordinate to it:"
Standing Order No. 4417/2007 of the Finance Department, Government of Maharashtra dated 23rd January, 2007 on the recovery of dues on behalf of a lender [C1C-923], 23 January 2007, in force. Recital: "In exercise of the powers conferred by section 9 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000), the Finance Department, Government of Maharashtra hereby issues the following Standing Order for the guidance of all officers subordinate to it:"
Standing Order No. 934/2010 of the Transport Department, Government of Maharashtra dated 3rd May, 2010 on the business of credit information [C1C-GTX], 3 May 2010, in force. Recital: "In exercise of the powers conferred by section 9 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000), the Transport Department, Government of Maharashtra hereby issues the following Standing Order for the guidance of all officers subordinate to it:"
Standing Order No. 357/2006 of the Finance Department, Government of Maharashtra dated 20th May, 2006 on the business of a financial institution [C1G-189], 20 May 2006, in force. Recital: "In exercise of the powers conferred by section 9 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000), the Finance Department, Government of Maharashtra hereby issues the following Standing Order for the guidance of all officers subordinate to it:"
Standing Order No. 2751/2009 of the Finance Department, Government of Maharashtra dated 15th January, 2009 on dealing in foreign currency [C1N-ZH4], 15 January 2009, in force. Recital: "In exercise of the powers conferred by section 9 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000), the Finance Department, Government of Maharashtra hereby issues the following Standing Order for the guidance of all officers subordinate to it:"
Standing Order No. 697/2007 of the Finance Department, Government of Maharashtra dated 21st October, 2007 on the enforcement of security interest [C1J-1FQ], 21 October 2007, in force. Recital: "In exercise of the powers conferred by section 9 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000), the Finance Department, Government of Maharashtra hereby issues the following Standing Order for the guidance of all officers subordinate to it:"
Standing Order No. 3738/2025 of the Finance Department, Government of Maharashtra dated 20th September, 2025 on the enforcement of security interest [C1K-MY6], 20 September 2025, in force. Recital: "In exercise of the powers conferred by section 9 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000), the Finance Department, Government of Maharashtra hereby issues the following Standing Order for the guidance of all officers subordinate to it:"
Standing Order No. 523/2016 of the Finance Department, Government of Maharashtra dated 2nd January, 2016 on the business of factoring [C1M-JQH], 2 January 2016, in force. Recital: "In exercise of the powers conferred by section 9 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000), the Finance Department, Government of Maharashtra hereby issues the following Standing Order for the guidance of all officers subordinate to it:"
Standing Order No. 3300/2012 of the Industries and Commerce Department, Government of Maharashtra dated 2nd June, 2012 on the business of a non-banking financial company [C1M-9W4], 2 June 2012, in force. Recital: "In exercise of the powers conferred by section 9 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000), the Industries and Commerce Department, Government of Maharashtra hereby issues the following Standing Order for the guidance of all officers subordinate to it:"
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