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[Cites 0, Cited by 96] [Section 21] [Entire Act]

Union of India - Subsection

Section 21(2) in Banning of Unregulated Deposit Schemes Act, 2019

(2)Any deposit taker who accepts deposits in contravention of section 3 shall be punishable with imprisonment for a term which shall not be less than two years but which may extend to seven years and with fine which shall not be less than three lakh rupees but which may extend to ten lakh rupees.