Section 2, Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 [S2K-MFZ]
As at 6 September 2026. In force from 24 September 2000.
2. Definitions.—In this Act, unless the context otherwise requires,— (a) "banking" means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise; (b) "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); (c) "borrower" means any person who has been granted financial assistance by any bank or financial institution or who has given any guarantee or created any mortgage or pledge as security for the financial assistance granted; (d) "security interest" means right, title or interest of any kind upon property created in favour of a secured creditor; (e) "notification" means a notification published in the Official Gazette, and the expression "notified" shall be construed accordingly; (f) "prescribed" means prescribed by rules made under this Act.
Defined terms in this text (6)
banking: Section 2, Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 [S2KMFZ] (In this Act, unless the context otherwise requires,—): "banking" means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise
banking: 27 more definitions.
borrower: Section 2, Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 [S2KMFZ] (In this Act, unless the context otherwise requires,—): "borrower" means any person who has been granted financial assistance by any bank or financial institution or who has given any guarantee or created any mortgage or pledge as security for the financial assistance granted
borrower: 25 more definitions.
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.
notification: Section 2, Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 [S2KMFZ] (In this Act, unless the context otherwise requires,—): "notification" means a notification published in the Official Gazette, and the expression "notified" shall be construed accordingly
notification: 996 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.
security interest: Section 2, Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 [S2KMFZ] (In this Act, unless the context otherwise requires,—): "security interest" means right, title or interest of any kind upon property created in favour of a secured creditor
security interest: 17 more definitions.
Made under this section, or naming it (0)
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Cited by (0)
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Not held (0)
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Duties published under this section (0)
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