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Union of India - Section

Section 6 in Banning of Unregulated Deposit Schemes Act, 2019

6. Certain scheme to be Unregulated Deposit Scheme.

- 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.