Section 4: Fraudulent default in Regulated Deposit Schemes

Q: What does Section 4 of The Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act) deal with?

Section 4 BUDS Act pertains to "Fraudulent default in Regulated Deposit Schemes". It is part of the The Banning of Unregulated Deposit Schemes Act, 2019, a legislation enacted by the Parliament of India. Section 4 of The Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act) governs fraudulent default in Regulated Deposit Schemes. As verified on 19 May 2026.

Q: Is Section 4 BUDS Act still in force?

Yes, Section 4 of the The Banning of Unregulated Deposit Schemes Act, 2019 is currently in force across the Republic of India.

Q: What is धारा 4 BUDS Act?

धारा 4 BUDS Act is the Devanagari Hindi reference for Section 4 of the The Banning of Unregulated Deposit Schemes Act, 2019. Section 4 of The Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act) governs fraudulent default in Regulated Deposit Schemes. As verified on 19 May 2026.

Q: What is Dhara 4 BUDS Act?

Dhara 4 BUDS Act is the Roman Hindi reference for Section 4 of the The Banning of Unregulated Deposit Schemes Act, 2019. "Dhara" means "Section" in Hindi. Section 4 of The Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act) governs fraudulent default in Regulated Deposit Schemes. As verified on 19 May 2026.

Q: How to cite Section 4 of The Banning of Unregulated Deposit Schemes Act, 2019?

Cite as: "Section 4, The Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act)" in legal briefs. For academic writing, use the BlueBook format: The Banning of Unregulated Deposit Schemes Act, 2019, § 4 (India).

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Thursday, 21 May 2026

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Table of Contents

The Banning of Unregulated Deposit Schemes Act, 2019

Chapter IIB — anning of Unregulated Deposit Schemes

Section 4

Fraudulent default in Regulated Deposit Schemes

- No deposit taker, while accepting deposits pursuant to a Regulated Deposit Scheme, shall commit any fraudulent default in the repayment or return of deposit on maturity or in rendering any specified service promised against such deposit.

Related Sections

§3

Banning of Unregulated Deposit Schemes

BUDS Act

§5

Wrongful inducement in relation to Unregulated Deposit Schemes

BUDS Act

§6

Certain scheme to be Unregulated Deposit Scheme

BUDS Act

Printed from Law on Tips • The Banning of Unregulated Deposit Schemes Act, 2019

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