Section 6: Certain scheme to be Unregulated Deposit Scheme

Q: What does Section 6 of The Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act) deal with?

Section 6 BUDS Act pertains to "Certain scheme to be Unregulated Deposit Scheme". It is part of the The Banning of Unregulated Deposit Schemes Act, 2019, a legislation enacted by the Parliament of India. Section 6 of The Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act) governs certain scheme to be Unregulated Deposit Scheme. As verified on 19 May 2026.

Q: Is Section 6 BUDS Act still in force?

Yes, Section 6 of the The Banning of Unregulated Deposit Schemes Act, 2019 is currently in force across the Republic of India.

Q: What is धारा 6 BUDS Act?

धारा 6 BUDS Act is the Devanagari Hindi reference for Section 6 of the The Banning of Unregulated Deposit Schemes Act, 2019. Section 6 of The Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act) governs certain scheme to be Unregulated Deposit Scheme. As verified on 19 May 2026.

Q: What is Dhara 6 BUDS Act?

Dhara 6 BUDS Act is the Roman Hindi reference for Section 6 of the The Banning of Unregulated Deposit Schemes Act, 2019. "Dhara" means "Section" in Hindi. Section 6 of The Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act) governs certain scheme to be Unregulated Deposit Scheme. As verified on 19 May 2026.

Q: How to cite Section 6 of The Banning of Unregulated Deposit Schemes Act, 2019?

Cite as: "Section 6, 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, § 6 (India).

Law on Tips Editorial Board

- A prize chit or a money circulation scheme banned under the provisions of the Prize Chits and Money Circulation Scheme (Banning) Act, 1978 shall be deemed to be an Unregulated Deposit Scheme under this Act.