- 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.
Chapter IIB — anning of Unregulated Deposit Schemes
Section 4
Fraudulent default in Regulated Deposit Schemes
Printed from Law on Tips • The Banning of Unregulated Deposit Schemes Rules, 2020