The NBFC Act 2002 & Rules 2004

fuca/ku laŒ ihŒVhŒ&40 laŒ ,yŒthŒ 1&0812002&yst&257&fcgkj fo/kku eaMy }kjk ;Fkkikfjr fuEufyf[kr vf/kfu;e ftlij jkT;iky 4 flrEcj 2002 dks vuqefr ns pqds gSa] blds }kjk loZlk/kkj.k dh lwpuk ds fy, izdkf”kr fd;k tkrk gSA fuca/ku laŒ ihŒVhŒ&40

vf/kfu;e ftlij jkT;iky 4 flrEcj 2002 dks vuqefr ns pqds gSa] blds }kjk loZlk/kkj.k dh fcgkj tekdÙkkZvksa ds fgrksa dk laj{k.k ¼foÙkh; LFkkiukvksa esa½ vf/kfu;e] 2002 foÙkh; LFkkiukvksa esa tekdÙkkZvksa ds fgrksa dk laj{k.k ,oa mlls lacaf/kr vU; ekeyksa ds fy, vf/kfu;eA Hkkjr x.kjkT; ds frjiuosa o"kZ esa fcgkj jkT; fo/kku eaMy }kjk fuEufyf[kr :Ik esa ;g vf/kfu;fer gks ;Fkk %&

¼1½ ;g vf/kfu;e fcgkj tekdÙkkZvksa ds fgrksa dk laj{k.k ¼foÙkh; LFkkiukvksa esa½ ¼la'kks/ku½ vf/kfu;e 2002 dgk tk ldsxkA ¼2½ bldk foLrkj lEiw.kZ fcgkj jkT; esa gksxkA ¼3½ ;g rqjar izo`Ùk gksxkA bl vf/kfu;e esa tcrd lanHkZ ls vU;Fkk visf{kr u gks&

¼d½ ^^l{ke izkf/kdkjh** ls vfHkizsr gS /kkjk&5 ds v/khu fu;qDr l{ke izkf/kdkjh]

¼[k½ ^^vfHkfgr U;k;ky;** ls vfHkizsr gS /kkjk&7 ds v/khu xfBr vfHkfgr U;k;ky;] ¼x½ ^^tek**&fofufnZ"V vof/k ds ckn ;k vU;Fkk udn ;k oLrq ;k fofufnZ"V lsok ds :Ik esa lwn] cksul] ykHk ;k fdlh vU;

:Ik esa fdlh Qk;nk ds lkFk ;k Qk;nk jfgr okilh ds bjkns ls fdlh foÙkh; LFkkiuk }kjk /ku dh izkfIr ;k fdlh ewY;oku oLrq dk izfrxzg.k] tek esa 'kkfey gksxk] vkSj lnk ls 'kkfey le>k tk;sxk fdUrq blesa fuEufyf[kr 'kkfey ugha gksxkA

¼i½ Hkkjrh; izfrHkwfr ,oa fofue; cksMZ vf/kfu;e 1992 ¼1992 dk 15½ ds v/khu LFkkfir ^^lsch }kjk fn;s x, ekxn'kZd fl)karksa ,oa cuk, x, fofu;eksa ds v/khu vkPNkfnr 'ks;j iwath ;k fMosapj] ckWM ;k fdlh vU; fyf[kr ds :Ik esa mxkgh x;h jkf'k; ¼ii½ fdlh QeZ ds Hkkxhnkjksa ds }kjk iw¡th ds :Ik esa vfHknÙk jkf'k;

¼iii½ vuqlwfpr cSad ;k lgdkjh cSad ;k cSaddkjh fofu;eu vf/kfu;e 1949 ¼1949 dk 10½ dh /kkjk&5 ds [kaM ¼x½ esa

;Fkk ifjHkkf"kr fdlh vU; cSafdax dEiuh ls izkIr jkf'k;

¼iv½ fuEufyf[kr ls izkIr dksbZ jkf'k& ¼d½ Hkkjrh; vkS|ksfxd fodkl cSad] ¼[k½ jkT; foÙkh; fuxe]

¼x½ Hkkjrh; vkS|ksfxd fodkl cSad vf/kfu;e 1964 dh

/kkjk&6 d esa ;k mlds v/khu fofufnZ"V fdlh foÙkh;

laLFkk; ¼v½ dkjckj ds lkekU; vuqØe esa fuEufyf[kr :Ik esa izkIr jkf'k& ¼d½ izfrHkwfr tek] ¼[k½ O;ogkjh tek] ¼x½ vfxze /ku] ¼?k½ vkfn"V eky ;k lsok ds fo:) fn;k x;k vfxze;

¼vi½ jkT; esa rRle; izo`Ùk lkgwdkjh ls lacaf/kr fdlh vf/kfu;fefr ds v/khu jftLVªhd`r fdlh O;fDr ;k QeZ ;k O;f"V&laxe] tks fu;fer fudk; ugha gS] ls izkIr dksbZ jkf'k; vkSj

¼vii½ fpV dh ckor vfHknku ds :Ik esa izkIr dksbZ jkf'kA

& I &^^fpV** ls ogh vfHkizsr gaS] tks fpV QaM vf/kfu;e 1982 ds [kaM ¼[k½ dh /kkjk&2 ds v/khu fu;r fd;k x;k gSA

&II & fdlh fcØsrk }kjk fdlh lEifÙk ¼py ;k vpy½ dh fcØh ij Øsrk dks fn;s x;s fdlh m/kkj dks bl [k.M ds iz;kstukFkZ tek ugha le>k tk;sxkA ¼?k½ ^^foÙkh; LFkkiuk** ls vfHkizr gS dksbZ O;fDr ftlesa O;f"V&laxe] 'kkfey gS] pkgs og ftl :Ik ls dk;Z ifjpkyu djrs gks] QeZ ;k dEiuh& tks fdlh Ldhe ;k O;oLFkk ds rgr~ vFkok fdlh vU; izdkj ls tek dk izfrxzg.k djrk gS fdUrq blesa jkT; ljdkj] dsUnz ljdkj vFkok fofu;eu vf/kfu;e 1949 dh /kkjk&5 ds [k.M ¼x½ ds v/khu ifjHkkf"kr fdlh cSafdax dEiuh }kjk LoRokf/kd`r ;k fu;af=r fuxe ;k lgdkjh lfefr 'kkfey ugha gSA

¼M+½ ^^ljdkj** ls vfHkizsr gS fcgkj ljdkjA

¼p½ ^^fofgr** ls vfHkizsr gS bl vf/kfu;e ds v/khu fofgrA

¼1½ tc dksbZ foÙkh; LFkkiuk tks ifjiDork ij tek dk izfrlank;

lwn cksul ykHk ds :Ik esa ;k ;Fkk izfrKkr fdlh vU; :i esa fdlh Qk;ns lfgr nsus esa O;frØe djrh gS ;k tek ds fo:) vk'okflr lsok eqgS;k djkus esa csbZekuh ls foQy jgrh gS] oSlh foÙkh; LFkkiuk ds dkjckj ;k dke&dkt ds izcU/ku ;k lapkyu ds fy, mÙkjnk;h gj O;fDr] ftlesa laiorZd] Hkkxhnkj] funs'kd] izcU/kd vU; dksbZ O;fDr vFkok deZpkjh 'kkfey gS] fl) nks"k gksus ij nl o"kZ rd ds fy, dkjkokl ,oa ,d yk[k :Ik;s rd ;k tgk¡ ,slk O;frØe /ku dh fu/kkZj.kh; jde ls lacaf/kr gks] ogk¡ O;frØe dh jkf'k dh nwuh jde] tks Hkh vf/kd gks] ds tqekZu ls nafMr fd;k tk;sxk( ijUrq U;k;ky; ds fu.kZ; esa vfHkfyf[kr fd;s tkus okys fo'ks"k ,oa i;kZIr dkj.kksa ds vHkko esa rhu o"kksZa ds dkjkokl ,oa ipkl gtkj :Ik;s ls de tqekZus dh ltk ugha gksxhA I bl /kkjk ds iz;kstukFkZ ,slh foÙkh; LFkkiuk dh tks lwn ds :i esa Qk;nk ds lkFk fdlh tek] cksul] ykHk ;k fdlh vU; :i esa fn;s x, opu ds lfgr izfrlank; djus esa O;frØe djs vFkok ,slh tek ds fy, lger dksbZ fofufnZ"V lsok eqgS;k djkus esa fdlh ,d O;fDr dks lnks"k vfHkykHk ,oa vU; O;fDr dks lnks"k gkfu igq¡pkus ds vk'k; ls foQy gks vFkok tek ds izfrxzg.k ds le; dh xbZ vO;ogkfjd ;k okf.kfT;d rkSj ij vO;ogk;Z o;u ds QyLo:i vFkok tek ls vftZr /ku ,oa vkfLr;k¡ ds bl jhfr ls vfHkfu;kstu ls] tc mldh vko'd;rk gks ,oa mldh olwyh esa vUrfuZfgr tksf[ke vUrxzZLr gks] mRiUu viuh v{kerk ds dkj.k ,slk O;frØe djrh gks] fofufnZ"V lsok nsus esa diViwoZd O;frØe ;k foQyrk le>h tk;sxhA II tc ;g iz'u mBs fd fdlh foÙkh; LFkkiuk us bl /kkjk ds vfHkizsr vUrxZr diViw.kZ O;frØe fd;k gS ;k ugh arc U;k;ky; ,slh mi/kkj.kk djsxk fd foÙkh; LFkkiuk diViwoZd O;frØe dh gSA

¼1½ rRle; izo`Ùk fdlh vU; fof/k esa fdlh ckr ds varfoZ"V gksrs gq, Hkh&

¼i½ tekdÙkkZvksa ls ;k vU;Fkk izkIr f'kdk;r ij tc ljdkj dk

;g lek/kku gks tk; fd dksbZ foÙkh; LFkkiuk fuEufyf[kr dks djus esa foQy gks pqdh gS&

¼d½ ifjiDork ds ckn ;k tekdÙkkZvksa }kjk ekax fd;s tkus ij tek okil djus;

¼[k½ lwn ;k vU; vk'okflr Qk;nk nsus;

¼x½ ,slh tek ds fo:) opuo) lsok nsusA

¼ii½ tgk¡ ljdkj dks ;g fo'okl djus dk dkj.k gks fd dksbZ foÙkh; LFkkiuk tekdÙkkZvksa dks /kks[kk nsus ds vk'k; ls izdfYir jhfr ls muds fgr ds fy, gkfudj dk;Z dj jgh gS] vkSj ;fn ljdkj dk ;g lek/kku gks tk;s fd ,slh foÙkh; LFkkiuk }kjk tek ds okilh ;k lwn dk Hkqxrku ;k vU; vk'oklhr Qk;ns dk Hkqxrku vFkok mu lsokvksa dks miyC/k djkus okyh ugha gS ftuds fy, tek izkIr fd;k x;k gS] rks ,slh foÙkh; LFkkiuk ds tekdÙkkZvksa ds fgr dh j{kk ds fy,] dkj.kksa dks fyf[kr :Ik vfHkfyf[kr djus ds ckn og jkti= esa izdk'ku }kjk ,sls /ku ;k vU; lEifÙk] ftlds laca/k eas fo'okl gks fd ml foÙkh; LFkkiuk }kjk ;k rks vius uke ls ;k fdlh vU; O;fDr ds uke ls foÙkh; LFkkiukvksa }kjk laxzfgr tek ls vftZr fd;k gS rks mls vFkok ;fn ;g izdV gksrk gS fd /ku ;k lEifÙk dqdhZ ds fy, miyC/k ugha gS

;k tek dh izfrlank; ds fy, Ik;kZIr ugha gS] rks mDr foÙkh; LFkkiuk ;k laizoÙkZd] funs'kd] Hkkxhnkj ;k izca/kd vFkok mDr foÙkh; LFkkiuk ds lnL;ksa dks ml lEifÙk dh] ftls ljdkj mi;qZDr le>s dqdZ djrs gq, jkti= esa izdkf'kr djrs gq, ,d vkns'k fuxZr dj ldsxhA

¼2½ mi/kkjk ¼1½ ds v/khu vkns'k ds izdk'ku ij foÙkh; LFkkiuk

,oa mlesa mYysf[kr O;fDr;ksa dh lkjh lEifÙk ,oa vkfLr;k¡ rRdky vfHkfgr U;k;ky; ds vxys vkns'k rd ljdkj }kjk fu;qDr l{ke izkf/kdkjh esa fufgr gks tk;sxhA

¼3½ fdlh vU; fof/k esa fo'ks"k :Ik esa tSlk vU;Fkk micaf/kr gks]

mlds flok;] dqdhZ] flfoy izfØ;k lafgrk ds vkns'k 21 fu;e 43] 43d] 46] 47] 49] 50] 51 ,oa 54 ds v/khu fMØh ds fu"iknu esa lEifÙk dh dqdhZ ds fy, micaf/kr jhfr ls dh tk;sxhA

¼1½ /kkjk&4 dh mi/kkjk ¼1½ ds v/khu vkns”k fuxZr djrs le;

ljdkj vius fdlh inkf/kdkjh dks tks lekgÙkkZ ls vU;wu iafDr ds gks] dh /kkjk&4 ds v/khu ljdkj }kjk dqdZ foÙkh; LFkkiuk ds /ku ,oa lEifÙk ij fu;a=.k djus gsrq l{ke izkf/kdkjh ds :Ik esa fu;qDr dj ldsxhA

¼2½ fu;qfDr ds vkns”k izkIr gksus ij] l{ke inkf/kdkjh vfoyac

,slh lHkh vko”;d dkjZokbZ djsxk tks lacaf/kr foÙkh; LFkkiuk dh lHkh /ku ,oa vkfLr;ksa dk oLrqxr dCtk esa ysus ds fy, vko”;d ,oa lehphu gks vkSj l{ke inkf/kdkjh dks lHkh “kfDr;k¡ izkIr gksxh tks iwoksZDr iz;kstukFkZ vko”;d gksaA

¼3½ l{ke izkf/kdkjh mDr vkns'k ds izdk'ku dh frfFk ls 30 fnuksa ds vanj vfHkfgr U;k;ky; esa mu vk/kkjksa dk dFku djrs gq, ftuij ljdkj us /kkjk&4 ds rgr vkns'k fuxZr fd;k gS vkSj /ku ;k vU; lEifÙk ftlds laca/k esa fo'okl fd;k x;k gS] fd tek ls vftZr dh x;h gS vkSj mu O;fDr;ksa dk] ;fn dksbZ gks] ftuds uke ij ;k mlls lEifÙk ds fofufgr fd;s tkus ;k vftZr fd;s tkus dk fo'okl vFkok /kkjk&4 ds v/khu dqdZ dh x;h dksbZ vU; lEifÙk dk fooj.k vFkok ,sls fdlh vkns'k dk] tks vko';d ik;k tk; ds fy, ,d ;k vf/kd 'kiFki=ksa ds lkFk vkosnu djsxkA

¼4½ l{ke izkf/kdkjh] fdlh vU; jkT; ljdkj dh fof/k ds v/khu]

fdlh foÙkh; LFkkiuk ds fdlh /ku ;k lEifÙk ls lacaf/kr fdlh fookn~;d ;k fo"k;oLrq esa U;k;&fu.kZ; djus ds fy, le:Ik vf/kfu;fefr ds v/khu xfBr ;k 'kfDr;ksa ls U;Lr fdlh vfHkfgr U;k;ky; ;k fdlh vU; U;kf;d Qksje@izkf/kdkjh dks] bl vf/kfu;e ds v/khu] vf/klwfpr fdlh foÙkh; LFkkiuk ;k O;fDr ds] ml izkf/kdkjh dh {ks=h; vf/kdkfjrk esa fLFkr] /ku ;k lEifÙk ds laca/k esa bl vf/kfu;e ds mica/kksa dks izHkkoh cukus ds fy, Hkh vkosnu dj ldsxkA

¼5½ mi/kkjk ¼1½ ds v/khu fufgr 'kfDr;ksa dh O;kidrk ij izfrdwy izHkko Mkys fcuk l{ke izkf/kdkjh fuEufyf[kr dk gdnkj gksxk& ¼d½ fdlh Hkh vkj{kh izkf/kdkjh ;k vU; izkf/kdkjh ;k O;fDr ls lgk;rk dh vis{kk djus vkSj ,slh vis{kk fd;s tkus ij vkj{kh izkf/kdkjh ;k ,sls vU; izkf/kdkjh ;k O;fDr dk vko';d lgk;rk nsuk dÙkZO; gksxk;

¼[k½ l{ke izkf/kdkjh dh gSfl;r ls izkIr /ku dk fuiVko djrs le; fdlh vuqlwfpr okf.kT; cSad esa [kkrk [kksyus ,oa olwy fd;s x;s lHkh /ku tek djus vkSj cSad [kkrs dk ifjpkyu djus;

¼x½ ,sls fdlh O;fDr ls] ftudk foÙkh; LFkkiuk dh fdlh /ku

;k vkfLr;ksa ij dCtk ;k fu;a=.k gksus dk fo'okl gksus ij vko';d tkudkjh nsus] ,slh lEifÙk dk dCtk l{ke izkf/kdkjh dks nsus dh vis{kk djus vkSj og O;fDr dksbZ le; u"V fd;s fcuk vis{kk dk vuqikyu djsxk;

¼?k½ fdlh fof/k O;olk;h ;k pkVZM ,dkmUVsaV ;k fdlh vU;

O;fDr dks fu;qDr djus] ftudh lsok,¡ foÙkh; LFkkiuk dh vkfLr;ksa dks dCtk eas ysus ;k olwyh ds fy, vko';d gks;

¼M+½ foÙkh; LFkkiuk ;k mlds fu;a=.kk/khu fdlh foi.k;

izfrHkwfr ;k ijkdkE; fy[kr dk fcØ;] izkfIr] varj.k] i`"Bkadu] ijkØe.k djus ;k vU;Fkk laO;ogkj djus vkSj mldk leqfpr mUekspu djus]

¼p½ lkoZtfud uhykeh ;k vfHkfgr U;k;ky; ds iwoZ vuqeksnu ls futh O;oLFkk ds }kjk foÙkh; LFkkiuk dk ;k mlds fu;a=.kk/khu fdlh py ;k vpy lEifÙk dk fcØ;] varj.k ;k vU;Fkk olwyh djus;

¼N½ vfHkfgr U;k;ky; }kjk ikfjr vkns'k ds vuqlkj cSad [kkrs ls Hkqxrku djus; vkSj

¼t½ foÙkh; LFkkiuk dh lEifÙk dh Rofjr olwyh ds fy, vko';d lHkh ,oa izR;sd dk;Z ;k d`R; djus; ijarq vfHkfgr U;k;ky; }kjk ljdkj }kjk dqdhZ vkns'k dks vkR;afrd fd;s tkus ;k /kkjk&8 ds v/khu iqujhf{kr dqdhZ vkns'k fuxZr fd;s tkus ds iwoZ] py lEifÙk;ksa dk fcØ; ;k varj.k ugha fd;k tkuk pkfg,A

¼6½ l{ke izkf/kdkjh] olwys x;s /ku ls tekdÙkkZvksa dks Hkqxrku djus gsrq vuqefr ds fy, vfHkfgr U;k;ky; dks le;≤

ij vkosnu nsxkA ,slk vkosnu nsrs le;] l{ke izkf/kdkjh tekdÙkkZvksa ds nkf;Ro ,oa vU; nkf;Roksa dk fu/kkZj.k dj ysxk vkSj olwys x;s ;k olwyuh; /ku dks lEiw.kZ nkf;Roksa dks iwjk djus ds fy,] Ik;kZIr ugha gksus dh n'kk esa tekdÙkkZvksa rFkk vU; ysunkjksa dks vkaf'kd Hkqxrku djus dh vuqefr ds fy, vfHkfgr U;k;ky; ls fuosnu djsxk vkSj vfHkfgr U;k;ky; ds vkns'k ds vuqlkj /ku laforfjr djsxkA bl /kkjk ds iz;kstukFkZ ^^foÙkh; LFkkiuk** vfHkO;fDr esa mDr LFkkiuk ds fuos'kd] izoÙkZd] izca/kd ;k lnL; vFkok fdlh vU; O;fDr] ftudh lEifÙk ;k vkfLr;k¡ /kkjk&3 ds v/khu dqdZ dh xbZ gks] lfEefyr gSaA

¼1½ l{ke izkf/kdkjh viuh fu;qfDr dh frfFk ls rhl fnuksa ds Hkhrj foÙkh; LFkkiuk dh vkfLr;ksa vkSj tek nkf;Roksa dk fu/kkZj.k djsxk vkSj mldk fooj.k vfHkfgr U;k;ky; dks Hkst nsxkA

¼2½ l{ke izkf/kdkjh rRi'pkr izfrHkwr ysunkjksa ls ;fn gksa vkSj foÙkh; LFkkiuk ds tekdÙkkZvksa ls Hkh vius nkosa rFkk nkok LFkkfir djus ds fy, mfpr lcwr izLrqr djus ds fy, vkeaf=r djrs gq, O;fDr'k% ;k izdk'ku ds izHkkoh izpkj ek/;e ls lwpuk fuxZr djsxkA

¼3½ mi /kkjk&¼2½ ds v/khu nkosnkj dks Hksth xbZ ;k Hksth xbZ le>h tkus okyh izR;sd lwpuk esa ;g vfHkdfFkr fd;k tk;sxk fd nkok dk fooj.k l{ke izkf/kdkjh dks] ;fn lwpuk dh frfFk ls ,d eghus dh vof/k dh lekfIr ds iwoZ ugha Hkstk x;k rks] bl vf/kfu;e ds micU/k ds v/khu nkos dks] Hkqxrku ikus ds gdnkj nkok ugha ekuk tk;sxkA

¼4½ izfrHkwfr ysunkj dks Hksth xbZ izR;sd lwpuk esa muls] lwpuk dh frfFk ls ,d eghus dh vof/k dh lekfIr ds iwoZ izfrHkwfr dk ewY;kadu djus dh vis{kk dh tk;sxh vkSj ,slh lwpuk esa ;g Hkh vfHkdfFkr fd;k tk;sxk fd ;fn l{ke izkf/kdkjh dks izfrHkwfr ds ewY;kadu ds lkFk&lkFk nkos dk fooj.k ugha Hkstk tkrk gS rks l{ke izkf/kdkjh Lo;a izfrHkwfr dk ewY;kadu djsaxs vkSj muds ewY;kadu ,sls izfrHkwr ysunkj ij ck/;dkjh gksxkA

¼5½ nkosnkj ;fn lwpuk ds vuqikyu esa vlQy gksrk gS rks mi/kkjk ¼4½ ds vuqlkj ,slh izfrHkwfr dk ewY;kadu l{ke izkf/kdkjh }kjk] muds Js"B fu.kZ; ds vuqlkj] fd;k tk;sxkA

¼1½ bl vf/kfu;e ds iz;kstukFkZ] ljdkj mPp U;k;ky;] iVuk ds eq[; U;k;k/kh'k dh lgefr ls jkti= esa vf/klwpuk }kjk] lgk;d ls'ku U;k;k/kh'k lfgr v/khuLFk U;k;k/kh'k ds laoxZ esa] ,sls {ks= ;k {ks=ksa ds fy, ;k ,sls ekeys ;k ekeyksa ds oxZ

;k lewg ds fy, tSlk fd vf/klwpuk esa fofufnZ"V fd;k tk;] ,d ;k ,d ls vf/kd vfHkfgr U;k;ky; dk xBu dj ldsxhA

¼2½ vfHkfgr U;k;ky; ls fHkUu vU; fdlh U;k;ky; ftlesa izsflMsalh uxj fnokyk vf/kfu;e 1909 ,oa izkarh; fnokyk vf/kfu;e 1920 ds v/khu xfBr U;k;ky; lfEefyr gS] dks ,slh fdlh fo"k; ds laca/k esa vf/kdkfjrk ugha gksxh ftlesa bl vf/kfu;e ds mica/kksa ds voyac fy;s x, gksaA

¼3½ vU; fdlh U;k;ky; esa yfEcr dksbZ ekeyk ftlij bl vf/kfu;e ds mica/k ykxw gksa bl vf/kfu;e ds izdk'ku dh frfFk ls vfHkfgr U;k;ky; esa vUrfjr gks tk;sxkA

¼1½ /kkjk&5 ds v/khu vkosnu izkIr gksus ij] vfHkfgr U;k;ky;] foÙkh; LFkkiuk ;k fdlh vU; O;fDr dks ftldh lEifÙk /kkjk&4 ds v/khu ljdkj }kjk dqdZ dh xbZ gks vkSj l{ke izkf/kdkjh esa fufgr dh xbZ gks] vkosnu ds izfr ,oa 'kiFk&i= rFkk lk{;] ;fn vfHkfyf[kr gks] ds lkFk mDr LFkkiuk ,oa mDr O;fDr dks lwpuk esa] fofufnZ"V frfFk dks dkj.k crkus gsrq] cqykus ds fy, ,d lwpuk tkjh djsxk fd dqdhZ ds vkns'k dks D;ksa ugha vkR;afrd dj fn;k tk;A

¼2½ vfHkfgr U;k;ky; mu lHkh O;fDr;ksa dks Hkh ,slh lwpuk tkjh djsxk ftUgsa mi/kkjk ¼1½ ds v/khu ftu foÙkh; LFkkiuk ;k O;fDr dks uksfVl tkjh dh x;h gks ,oa mudh lEifÙk esa fgr ;k gd j[kus okys ;k laHkkO; nkosnkj ds :Ik esa izfrfuf/kRo fd;k gks vkSj ,sls lHkh O;fDr;ksa dks mlh frfFk dks] tSlk fd lwpuk esa fofufnZ"V gks] mifLFkr gksus ds fy,

,oa ;fn os pkgs] lEifÙk ;k mlds fdlh Hkkx dh dqdhZ ij bl vk/kkj ij vkifÙk djus ds fy, fd ,slh lEifÙk ;k mlds fdlh Hkkx esa mudk fgr gSA

¼3½ dqdZ dh x;h lEifÙk ;k mlds fdlh Hkkx esa fgr dk nkok djus okyk dksbZ O;fDr ml ckr ds gksrs gq, fd bl /kkjk ds v/khu dksbZ lwpuk mls rkehy ugha dh xbZ gS] vfHkfgr U;k;ky; esa mi/kkjk ¼4½ ;k mi/kkjk ¼6½ ds v/khu dksbZ vkns'k ikfjr fd, tkus ds iwoZ fdlh Hkh le; mi;qZDr :Ik esa vkifÙk dj ldsxkA ¼4½ ;fn mi/kkjk ¼3½ ds v/khu dksbZ dkj.k ugha n'kkZ;k x;k ;k vkifÙk ugha dh x;h rks vfHkfgr U;k;ky; rqjar dqdhZ ds vkns'k dks vkR;afrd djrs gq, ,d vkns'k ikfjr djsxk ,oa dqdZ dh x;h vkfLr;ksa dh olwyh rFkk dqdZ dh x;h lEifÙk ls olwys x;s /ku dks tekdÙkkZvksa ds chp lkE;iw.kZ forj.k gsrq] ;Fkk vko';d] funs'k tkjh djsxkA ¼5½ ;fn] mi;qZDr] :Ik esa dkj.k n'kkZ;k x;k ;k dksbZ vkifÙk dh x;h gks rks vfHkfgr U;k;ky; mlds vUos"k.k dh dkjZokbZ vkjEHk djsxk ,oa ,slk djrs le; i{kdkjksa ds ijh{k.k ds laca/k esa ,oa vU; lHkh ckrksa esa vfHkfgr U;k;ky;] bl vf/kfu;e ds micU/kksa ds v/;k/khu flfoy izfØ;k lafgrk 1908 ds v/khu vkns'k 37 esa ;Fkk vuq/;kr laf{kIr izfØ;k dk vuqlj.k djsxk ,oa mDr lafgrk ds v/khu fdlh okn dh lquokbZ esa U;k;ky; dh lHkh 'kfDr;ksa dk iz;ksx djsxk rFkk vkifÙk djus okys O;fDr ls ;g n'kkZus ds fy, lk{; is'k djus dh vis{kk dh tk;sxh fd dqdhZ dh rkjh[k dks dqdZ dh x;h lEifÙk esa mudk dksbZ fgr FkkA

¼6½ mi/kkjk ¼5½ ds v/khUk vUos"k.k ds Ik'pkr~ vfHkfgr U;k;ky; ;k rks /kkjk&4 dh mi/kkjk ¼1½ ds v/khu ikfjr dqdhZ ds vkns'k dks vkR;afrd gq, ;k lEifÙk ds fdlh Hkkx dks dqdhZ ls fueqZfDr }kjk cnyrs gq, ;k dqdhZ ds vkns'k dks jn~n djrs gq, ,d vkns'k ikfjr djsxk % ijUrq vfHkfgr U;k;ky; ,sls fdlh fgr dks] rc rd dqdhZ ls foeqDr ugha djsxk ftlesa mldk lek/kku gks x;k gks fd mi/kkjk ¼1½ esa funsZf'kr foÙkh; LFkkiuk ;k O;fDr dk ml lEifÙk esa fgr gS] tcrd bldk Hkh lek/kku u gks tk; fd dqdhZ ds v/khu ckdh cpus okyh jkf'k ;k lEifÙk dk ewY; foÙkh; LFkkiuk ds tekdÙkkZvksa dks izfrlank; ds fy, visf{kr ewY; ls de ugha gksxkA

¼7½ tgk¡ vkosnu fdlh ,slh O;fDr }kjk fn;k x;k gks] ftUgsa fdlh vU; jkT; ljdkj }kjk le:Ik vf/kfu;fefr ds v/khu ,slh ljdkj }kjk dqdZ dh xbZ /ku ;k lEifÙk ij fu;a=.k gsrq mls l'kDr djrs gq, lE;d&:Ik ls izkf/kd`r] fu;r ;k fofufnZ"V fd;k x;k gks] ogk¡ vfHkfgr U;k;ky; viuh lHkh 'kfDr;ksa dk iz;ksx bl izdkj djsxk ekuksa vkosnu blh vf/kfu;e ds v/khu fn;k x;k gks vkSj ,sls vkosnu ij leqfpr vkns'k ;k funs'k ikfjr djsxkA

¼1½ bl vf/kfu;e ds micU/kksa dks izHkko'kkyh djus ds fy, vfHkfgr

U;k;ky; dks lHkh 'kfDr;k¡ gksaxhA

¼2½ mi/kkjk ¼1½ dh O;kidrk ij izfrdwy izHkko Mkys fcuk] vfHkfgr

U;k;ky;&

¼d½ bl vf/kfu;e ds micU/kksa ds izHkkoh dk;kZUo;u ds fy, l{ke izkf/kdkjh dks dksbZ Hkh funs'k] tks og Bhd le>s] ns ldsxk(

¼[k½ fofHkUu nsunkjksa ls 'kks/; foÙkh; LFkkiuk ds 'kks/; fooj.kh dks vuqeksfnr] foÙkh; LFkkiuk ds vkfLr;ksa dk ewY; fu/kkZj.k dj ldsxk vkSj tekdÙkkZvksa dh lwph ,oa muds 'kks/; dks vfUre :i ns ldsxk(

¼x½ l{ke izkf/kdkjh dks foÙkh; LFkkiuk dh ;k mlds fu;a=.kk/khu fdlh Hkh vkfLr;ksa dks dCtk esa ysus dk funs'k ns ldsxk vkSj dqdZ dh xbZ vkfLr;ksa ds fcØ;] vUrj.k ;k olwyh] ;k rks yksduhyke }kjk ;k vkfLr;ksa ds Lo:i ds vuqlkj futh fcØ; }kjk djus dk tSlk og Bhd le>s ,oa fcØh&vkxe dks cSad [kkrs esa tek djus dk funs'k ns ldsxk(

¼?k½ forh; LFkkiuk dh vkfLr;ksa dks dCtk esa ysus ,oa olwyh ds fy, l{ke izkf/kdkjh }kjk mixr fd;s tkus okys vko';d O;; dks vuqeksfnr dj ldsxk(

¼M+½ l{ke izkf/kdkjh }kjk tekdÙkkZvksa dks Hkqxrku ds fy, vkns'k ns ldsxk ;k bl izdkj olwyk x;k /ku lEiw.kZ tek nkf;Roksa dh iwfrZ djus esa vi;kZIr gksus dh fLFkfr esa tekdÙkkZvksa dks vkuqikfrd Hkqxrku djus dk vkns'k ns ldsxk( ,oa

¼p½ dEiuh dh vkfLr;ksa dh olwyh ds fy, ,oa foÙkh; LFkkiuk ds tekdÙkkZvksa dks izfrlank; ds fy, ;k blls vkuqoaf'kd fdlh Hkh fo"k; ;k fookn~;d ij dksbZ Hkh vkns'k] vfHkfgr U;k;ky;] tks mfpr le>s] ikfjr dj ldsxkA bl /kkjk ds iz;kstukFkZ vfHkO;fDr "foÙkh; LFkkiuk" esa mDr LFkkiuk ds funs'kd] izorZd] izcU/kd ;k lnL; vFkok dksbZ vU; O;fDr ftudh vkfLr;ksa ;k lEifr /kkjk&3 ds v/khu dqdZ dh xbZ gks] lfEefyr gSA

¼1½ tgk¡ /kkjk&4 esa funsZf'kr fdlh foÙkh; LFkkiuk ;k O;fDr dh vkfLr;k¡ dqdhZ ds fy, miyC/k ml jkf'k ;k ewY; ls de ik;h tk; tks foÙkh; LFkkiuk }kjk tekdÙkkZvksa dks izfrlank; djuk visf{kr gks vkSj tgk¡ 'kiFki= ;k vU;Fkk }kjk vfHkfgr U;k;ky; dk ;g lek/kku gks x;k gks fd ,slk fo'okl djus dk ;qfDr;qDr dkj.k gS fd mDr foÙkh; LFkkiuk ln~Hkkoiw.kZ vkSj i;kZIr izfrQy ls vU;Fkk fdlh Hkh lEifr dks vUrfjr ¼pkgs bl vf/kfu;e ds vkjEHk gksus ds ckn ;k igys½ dj fn;k gS rks vfHkfgr U;k;ky;] lwpuk }kjk] ,slh lEifr ds vUrfjrh ls ¼pkgs mlus lEifr mDr foÙkh; LFkkiuk ls izR;{kr% izkIr fd;k gks ;k ugha½ lwpuk esa fofufnZ"V frfFk dks mifLFkr gksdj dkj.k n'kkZus dh vis{kk dj ldsxk fd vUrfjrh dh lEifr dh mruh ek=k tks vUrfjr lEifr ds mfpr ewY; ds lerqY; gks] dks D;ksa ugha dqdZ dj fy;k tk;A

¼2½ tgk¡] mDr vUrfjrh fofufnZ"V frfFk dks mifLFkfr ugha gks vkSj dkj.k ugha n'kkZ;s ;k tgk¡ /kkjk& 7 dh mi/kkjk ¼5½ esa micaf/kr jhfr ls vUos"k.k ds i'pkr~ vfHkfgr U;k;ky; dk lek/kku gks tk; fd mDr vUrfjrh dks lEifr dk vUrj.k ln~Hkkoiw.kZ vkSj i;kZIr izfrQy ds fy, ugha fd;k x;k Fkk rks vfHkfgr U;k;ky; mDr vUrfjrh dh mruh lEifr dh] tks vfHkfgr U;k;ky; dh jk; esa vUrfjr lEifr ds mfpr ewY; ds lerqY; gks] dqdhZ dk vkns'k ikfjr djsxkA fdlh foÙkh; LFkkiuk ;k O;fDr] ftldh lEifr bl vf/kfu;e ds v/khu dqdZ dh xbZ gks ;k dqdZ fd;s tkus gsrq izLrkfor gks] fdlh Hkh le; vfHkfgr U;k;ky; ds le{k ,slh dqdhZ ds cnys izfrHkwfr nsus dh vuqefr ds fy, vkosnu dj ldsxk ,oa tgk¡ vkWQj dh xbZ ,oa nh xbZ izfrHkwfr] vfHkfgr U;k;ky; dh jk; esa] larks"kizn ,oa i;kZIr gks ;g ;FkkfLFkfr dqdhZ vkns'k dks jÌ dj ldsxk ;k ikfjr djus ls fojr gks ldsxkA vfHkfgr U;k;ky;] dqdZ dh x;h ,oa l{ke izkf/kdkjh esa fufgr fdlh lEifÙk ls fgrc) fdlh O;fDr ds vkosnu ij] lacaf/kr O;fDr dks lquokbZ dk volj ns ldsxk rFkk ,slk vkns'k ikfjr dj ldsxk ftls og fuEufyf[kr ds fy, U;k;laxr ,oa ;qfDr;qDr fopkj djsa %&

¼d½ ,slh dqdZ dh xbZ ,oa l{ke izkf/kdkjh esa fufgr lEifÙk ls og jde] ftlesa vkosnd fgr gksus dk nkok djrk gS vkosnd ,oa muds ifjokj ds Hkj.k&iks"k.k ,oa tgk¡ vfHkfgr U;k;ky; esa /kkjk&3 ds v/khu vkosnd ds fo:) naM izfØ;k lafLFkr fd;k x;k gks ogk¡ mudh vius cpko ls lacaf/kr O;; ds fy, tks

;qfDr;qDr :Ik ls vko';d gks] mica/k djus gsrqA

¼[k½ tgk¡ rd O;ogk;Z gks] dqdhZ ls izHkkfor fdlh dkjckj ds fgrksa dh] fof'k"Vr% ,sls dkjckj ds Hkkxhnkj ds fgrksa dh j{kk djus gsrqA

¼1½ dqdhZ ls lacaf/kr ,oa dqdhZ ds laca/k esa vfHkfgr U;k;ky; }kjk ikfjr vafre vkns'k ds fo:) vafre vkns'k ikfjr fd;s tkus ds 60 fnuksa ds Hkhrj lac) {ks= ds mPp U;k;ky; ds le{k vihy fd;k tk ldsxkA ¼2½ vfHkfgr U;k;ky; ds fopkj.k esa fl)nks"k O;fDr lac) {ks= ds mPp U;k;ky; esa vihy dj ldsxkA ljdkj] vfHkfgr U;k;ky; esa ekeys dk lapkyu ds iz;ktukFkZ

,d ;k ,d ls vf/kd vf/koDrkvksa dks] ftudk O;olk; fo'ks"k yksd vfHk;kstd@fo'ks"k ljdkjh odhy ds :i esa 7 o"kksZa ls de dk ugha gks] lEc) ftyk ds ftyk ,oa l= U;k;k/kh'k ds ijke'kZ ls] vkns'k }kjk fu;qDr dj ldsxhA

¼1½ vfHkfgr U;k;ky;] bl vf/kfu;e ds v/khu vijk/k xfBr djus okys rF;ksa ij iqfyl fjiksVZ dk voyksdu dj ;k jkT; ljdkj

}kjk bl gsrq izkf/k—r izkf/kdkjh }kjk f'kdk;r fd;s tkus ij]

vijk/kh dks fopkj.kkFkZ mUgsa lqiwnZ fd;s x;s fcuk vijk/k dk laKku ys ldsxkA

¼2½ vijk/kh O;fDr dk fopkj.k djrs le;] vfHkfgr U;k;ky;] okjaV ekeyk ds vijk/kksa ds fopkj.k ds fy, n.M izfØ;k lafgrk] 1973] esa fofgr izfØ;k dk vuqlj.k djsxkA

¼3½ vfHkfgr U;k;ky;] vius ikl Hksts x;s O;fDr ds ckjs esa n.M izfØ;k lafgrk] 1973 dh /kkjk& 167 ,oa 309 ds v/khu] ;Fkk micaf/kr] izfros'k.k dh 'kfDr dk iz;ksx djsxkA ¼4½ vfHkfgr U;k;ky;] bl vf/kfu;e ds v/khu vijk/k fopkj djrs le;] bl vf/kfu;e ds v/khu vijk/k ls fHkUu fdlh vU; vijk/k dk Hkh fopkj.k dj ldsxk] ftlds fy, vfHk;qDr dks n.M izfØ;k lafgrk] 1973 ds v/khu mlh fopkj.k esa nks"kkjksfir fd;k x;k gksA ¼5½ ¼d½ bl vf/kfu;e ds v/khu naMuh; vijk/k laKs; gksxkA ¼[k½ bl vf/kfu;e ds v/khu vUrfoZ"V micU/kksa ds v/;k/khu tekur ds ckjs esa n.M izfØ;k lafgrk ds v/;k; XXXIII ds v/khu ;Fkk micaf/kr mica/k] n.M izfØ;k lafgrk dh /kkjk&438 ds v/khu] ;Fkk micaf/kr iwokZf'kr tekur eatqj djus ds izko/kku dks NksM+dj ykxw gksxkA bl vf/kfu;e esa vU;Fkk micaf/kr ds flok;] bl vf/kfu;e ds mica/kksa dk rRle; izo`Ùk fdlh vU; fof/k;ksa esa blls vlaxr fdlh ckr ;k :f<+ ;k izFkk ds gksrs gq, Hkh v/;kjksgh izHkko gksxkA bl vf/kfu;e ds v/khu ln~Hkkouk ls fd;k x;k ;k fd;s tkus ds fy, vk'kf;r fdlh dk;Z ds fy, ljdkj ;k l{ke izkf/kdkjh ;k ljdkj ds fdlh inkf/kdkjh ;k deZpkjh ds fo:) dksbZ ckn ;k vU; dk;Zokgh lafLFkr ugha gksxhA

¼1½ bl vf/kfu;e ds iz;kstu dks dk;kZfUor djus ds fy, jkT; ljdkj] jkti= esa vf/klwpuk }kjk] fu;e cuk ldsxhA ¼2½ bl vf/kfu;e ds v/khu cuk;h xbZ izR;sd fu;ekoyh] cuk;s tkus ds i'pkr~ ;Fkk 'kD; 'kh?kz] jkT; fo/kku eaMy ds nksuksa lnuksa ds le{k dqy rhl fnuksa dh l=kof/k ds nkSjku] tks ,d gh l= ;k nks yxkrkj l= esa lekfo'V gks ldrk gks] j[kh tk;xh ,oa ;fn ftl l= ds nkSjku bls j[kk x;k gS mldh lekfIr ds iwoZ vFkok Bhd Ik'pkrorhZ l= esa] nksuksa lnu fu;ekoyh esa fdlh mikUrj.k ds fy, lger gks tk;sa ;k nksuksa lnu fu;ekoyh ugha cuk, tkus ds fy, lger gks tk;sa ,oa ml izHkko ds muds fu.kZ; dks jkti= esa vf/klwfpr dj fn;k tkrk gS rks og fof/k jkti= esa ,sls fu.kZ; ds izdk'ku dh frfFk ls] ;FkkfLFkfr] ek= ,sls mikUrfjr :i esa izHkkoh gksxh ;k vizHkkoh gksxhA fdUrq ,sls mikUrj.k ;k okfryhdj.k bl fu;ekoyh ds v/khu iwoZ esa dh xbZ ;k foyksfir dh xbZ fdlh ckr dh fof/k ekU;rk ij izfrdwy izHkko ugha gksxkA bl vf/kfu;e ds micU/kksa dks izHkkoh cukus esa ;fn dfBukbZ mRiUu gks rks ljdkj ,slh dfBukbZ mRiUu gksrs gh] vkns'k }kjk] tks bl vf/kfu;e ds micU/kksa ls vlaxr u gksa] ,oa dfBukbZ;ksa dks nwj djus ds fy, vko';d izrhr gks] dqN Hkh dj ldsxhA

10 flracj 2002 laŒ ,y thŒ 1&0812002&yst&258&fcgkj fo/kku eaMy }kjk ;Fkkikfjr vkSj jkT;iky }kjk 4 flracj] 2002 dks vuqer fcgkj tekdÙkkZvksa ds fgrksa dk laj{k.k ¼foÙkh; LFkkiukvksa esa½ vf/kfu;e] 2002 dks fuEufyf[kr vaxzsth vuqokn fcgkj jkT;iky ds izkf/kdkj ls blds }kjk izdkf”kr fd;k tkrk gS] ftls Hkkjrh; lafo/kku ds vuqPNsn 348 ds [kaM ¼3½ ds v/khu mDr vf/kfu;e dk vaxzsth Hkk’kk esa mldk izkf/kd`r ikB le>k tk;sxkA fcgkj jkT;iky ds vkns”k ls voj lfpo] fof/k foHkkx] fcgkjA

[BIHAR ACT, 18, 2002] The Bihar Protection of Interest of Depositors (In Financial Establishments), Act, 2002

AN

ACT

To protect the interest of Depositors of the Financial Establishments and matters relating thereto. Be in enacted by the Legislature of the State of Bihar in the Fifty Third Year of the Republic of India as follows, namely

1. (1) This Act may be called the Bihar Protection of Interests of Depositors (in Financial Establishment) Act, 2002.
2. (2) It shall extend to whole of the State of Bihar
3. (3) It shall come into force at once.

In this Act unless the context otherwise requires:

1. (a) ''Competent Authority'' means the Competent Authority appointed under section 5;
2. (b) Designated Court means the Designated Court constituted under section 7;
3. (c) ''deposit'' includes and shall be deemed always to have included any receipt of money or acceptance of any valuable commodity by any Financial Establishment to be returned after a specified period or otherwise, either in cash or in kind or in the form of interest, bonus, profit or in any other form, but does not include-
   • (i) amount raised by way of share capital or by way of debenture, bond or any other instrument covered under the guidelines given, and regulation made, by the "SEBI'', established under the Securities and Exchange Board of India Act, 1992 (15 of 1992);
   • (ii) amount contributed as capital by partners of a firm;
   • (iii) amount received form a schedule bank or a co- operative bank or any other banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 : (10 of 1949);
   • (iv) Any amount received from-
4. (a) the Industrial Development Bank of India
5. (b) a State Financial Corporation,
6. (c) any financial institution specified in or under section 6A of the industrial Development Bank of India Act, 1964;
   • (v) amount received in the ordinary course of business by way of-
7. (a) security deposit
8. (b) dealership deposit
9. (c) earnest money
10. (d) advance against order for goods or services;
    • (vi) any amount received from an individual or a firm or an association of individuals nor being a body corporate, registered under any enactment relating to money lending which is for time being in force in the State; and
    • (vii) any amount received by way of subscriptions in respect of Chit. Explanation-I ''Chit has the meaning as assigned to it in clause (b) of section 2 of the Chit Funds Act, 1982; Explanation-II Any credit given by a seller to a buyer on the sale of any property (whether moveable or immovable) shall not be deemed to be deposit for the purpose of this clause.
11. (d) ''Financial Establishment'' means any person including association of persons in whatever form it operates, a firm or a company accepting deposit under any scheme or arrangement or in any other manner but does not include a corporation or a co-operative society owned or controlled by any State Government or the Central Government or a banking company as defined under clause ( c) of section 5 of the Banking Regulation Act,
12. (e) ''Government'' menas the Government of Bihar
13. (f) ''prescribed'' means prescribed under the Rules.

Where any Financial Establishment, having fraudulently or dishonestly, defaults in repayment of any deposit on maturity along with any benefit in the form of interest, bonus or profit, or in any other form as promised or fraudulently or dishonestly fails to render service as assured against the deposit, the Financial Establishment and every person including the promoter, partner, director, manager or any other person or any employee responsible for the management of or conducting the business or affairs of such Financial Establishment shall, on convention, be punished with imprisonment for term up to ten years and with fine up to ten years and with fine up to one lakh of rupees or where such default relates to a quantifiable sum of money twice amount of such, some whichever is more:

Provided that in absence of special and adequate reasons to be recorded in judgement the Court, the imprisonment shall not be for less than three years and the fine shall not be less than fifty thousand rupees.

Explanation-I For the purpose of this section, a Financial Establishment, which commits default in repayment of any deposit with such benefits in the terms of interest, bonus, profit or in any other term as promised of falls to render any specified service agreed agains the deposit with an intention of causing wrongful gain to one person on wrongful loss to another person or commits such defaults due its inability arising out of impracticable of commercially not viable promises made while accepting such deposits or arising out of development of money or assets acquired out of the deposits in such a manner as it involves inherent risk in recovering the same when needed, shall be deemed to have committed a default or failed to render the specific service, fraudulently.

Explanation-II: When a question arises whether any Financial Establishment has committed fraudulent default within the meaning of this section, the

Attachment of properties on default of return of deposits:

1. (1) Notwithstanding any thing contained in any other law for the time being in force.
   • (i) Where upon complains received from the depositors or otherwise the Government is satisfied that any Financial Establishment has failed:
   • (a) To return the deposit after maturity on demand by the depositors; or
   • (b) To pay interest or other assured benefits; or
   • (c) To provide the service promised against such deposit; or
     • (ii) Where the Government has reason to believe that any Financial Establishment is acting in a manner detrimental to the interest of the depositors with an intention to defraud them and if the Government is satisfied that such Financial Establishment is not likely to, return the deposits or make payment of interest or other benefits assured or to provide the service against the deposit is received, the Government may, in order to protect the interest of the depositors of such Financial Establishments, after recording reasons, in writing, issue an order b) publishing it in the Official Gazette, attaching the money or other property believed to have been acquired by such Financial Establishment either it its own name or in the name of any other person from out of the deposits collected by the Financial Establishment, or if it transpire that such money or other property is not available for attachment or not sufficient for repayment of the deposits, such other property of the said Financial Establishment or the promoter, director, partner or manager or member of the said Financial Establishment as the Government may deem fit.
2. (2) On the publication of the order under sub-section (i) all the properties and assets of the Financial Establishment and the persons mentioned therein shall forthwith vest in the Competent Authority appointed by the Government, pending further order from the Designated Court.
3. (3) Save and otherwise specially provided in any other law the attachment shall be made in the manner provided for attachment of property in execution of a decree under order 21 Rules 43, 43A, 46, 47, 49, 50, 51 and 54 of the

Appointment, Duties and Power of Competent Authority :

1. (1) The Government may while issuing the order under sub-section (1) of section 4, appoint any of its officers not below the rank of the Collector as the Competent Authority to exercise control over the moneys and the properties attachment by the Government under section 4 of a Financial Establishment.
2. (2) On receipt of order of appointment, the Competent Authority shall take such necessary actions as are necessary or expedient for taking physical possession of all the moneys and assets of the concerned financial establishment expenditiously and the Competent Authority shall have all the powers which are necessary for the aforesaid purpose.
3. (3) The Competent Authority shall apply within thirty days from the date of the publication of the said Order, to the Designated Court, supported by one or more affidavits stating the grounds on which the Government has issued the said order under section 4 and the amount of money or other property believed to have been acquired out of the deposits and the details, if any, of persons in whose name such property is believed to have been invested or acquired or any other property attached under section 4, for such further orders as found necessary.
4. (4) The Competent Authority may also make an application to any Designated Court or any other judicial forum/authority constituted or entrusted with the powers under any other State Government Law for adjudicating any issue or subject matter pertaining to any money or property of a Financial Establishment under similar enactment in respect of money and property belonging to Financial Establishment or person notified under this Act situated within the territorial jurisdication of that authority for appropriate orders to give effect to be provision of this Act.
5. (5) Without prejudice to the generality of the powers vested under sub-section (i) the Competent Authority shall be entitled to;
   • (a) require assistance of any police authority or any other authority or person and on such requisition it shall be the duty of the police authority or such other authority or person to extened necessary assistance'
   • (b) open bank accounts in any scheduled commercial bank and credit all moneys realised and operate the bank accounts while dealing with the money received in his capacity as Competent Authority;
   • (c) require any person believed to be in possession or control over any money or assets of the financial establishment, to furnish necessary information, to hand over possession of such assets to the Competent Authority and such person shall comply with the requisition without any loss of time;
   • (d) appoint legal practitioner or Chartered Accountant or any other person whose services are necessary for taking possession of assets and realisation of the assets of the financial establishment;
   • (e) sell, receive, transfer, endorese, negotiate or otherwise deal with any marketable security or negotiable instrument belonging to or in the control of the financial establishment and give proper discharge for the same;
   • (f) sell, transfer of otherwise realize any movable or immovable property belonging to or in the control of the financial establishment either by public auction or with private arrangements;
   • (g) make payment as per the orders passed by the Designated Court from out of the bank accounts, and
   • (h) do all and every acts and deeds which would be necessary for the speedy realisation of the assets of the financial establishment' Provided that the sales and transfers of movable properties should not be done before the atteachments issued by the Government absoulute or has issued a revised attachment order under Section-8.
6. (6) The Competent Authority shall make applications from time to time to the Designated Court seeking permission to make payments to the depositors from out of the money realized. While making such applications, the money realised. While making such applications, the Competent Authority shall assess the liability to the depositors and the other liablilities and in case the money realized or realizable is not sufficient to meet the entire liability, make a submission to the Designated Court seeking permission for making part payment to the depositors and to other creditors and disburse the money as per the order of the Designated Court seeking pemission for making part payment to the depositors and to other creditors and disburse the money as per the order of the Designated Court. Explanation: For the purpose of this section, the expression ''financial establishment'' includes the directors, promoters, managers or member of said establishment or any other person whose property or assets have been attached under section 4.

1. (1) Within thirty days from of his appointment, the Competent Authority shall assess the deposit liabilities and the assests of the financial establishment and submit the statement there of to the Designated Court.
2. (2) The Competent Authority, thereafter, shall issue notice either individually or by means of effective media publication, inviting the claims by secured creditors, if any, and also the depositors of the financial establishment to submit their claims with proper proof to establish the same.
3. (3) Every notice under sub section (2) sent to or deemed to have been sent to claimants shall state that if the statement or claim is not sent to the Competent Authority before the expiry of the period of one month from the date of notice the claims shall not be treated as claim entitled to be paid under the provision of this Act.
4. (4) Every notice sent to a secured creditor shall require him to value the security before the expiry of the period of one month from the date of the notice and such notice shall also state that if the statement of the claim together with the valuation of the security is not sent to the Competent Authority, the Competent Authority himself shall value the security and his valuation shall be binding on such secured creditors.
5. (5) If the claimant fails to comply with the notice as per the sub section (4), such security shall be valued by the

Designated Court:

1. (1) For the purpose of this Act, the Government may, with the concurrence of the Chief Justice of the Patna High Court, by notification in the Official Gazettem constitute one or more Designated Courts in the cadre of Subordinate Judge including Assistant sessions Judge for such area of areas or for such case or class or group of cases, as maybe specified in the notification.
2. (2) No court, including the court constitute under the Presidency Towns Insolvency Act, 1909 and the Provincial Insolvency Act. 1920, other than the Designated Court, shall have jurisdiction in respect of any matter to which the provisions of this Act are invoked.
3. (3) Any pending case in any other court to which the provisions of this Act apply shall, on the date of publication of this Act, stand transferred to the Designated Court.

1. (1) Upon receipt of an application under section 5, the Designated Court shall issue to the Financial Establishment or to any other person whose property is attached and vested in the Competent Authority by the Government under section 4, a notice accompanied by copy of the application arid of affidavits and the evidence, if any recorded, calling upon the said Establishment and the said person to show cause on a date to be specified in the notice, why the order of attachment should not be made absolute.
2. (2) The Designated Court shall also issue such notice to all other persons represented to is as having or being likely to claim any Interest or title in the property of the Financial Establishment of the person to whom the notice is issued under sub-section (i), calling upon all such persons to appear on the same date as that specified in the notice and make objection if they so desire to the attachment of the property or any portion thereof, on the ground that they have interest in such property of portion thereof.
3. (3) Any person claiming an interest in the property attached or any portion thereof may, notwithstanding that no notice has been served upon him under this section, make an objection an order is passed under sub-section (4) or sub- section (6).
4. (4) The Designated Court shall, if no cause is shown and no objective is received under sub-section (3), forthwith pass an order making the order of attachment absolute, and isuue any direction as

may be necessary for realization of the assets attached and for the equitable distribution among the depositors of the money realized from out of the property attached.

1. (5) If cause is shown or any objection is made as aforesaid, the Designated Court shall proceed to investigate the, same and in so doing, as regards the examination of the parties and in all other

respect, the Designated Court shall, subject to the provisions of this Act, follow the summary procedure as contemplated under order 37 of the Civil Procedure Code, 1908 and exercise all the powers of a court in hearing a suit under the said Code and any person making on objection shall be required to adduse evidence to show that at the date of the attachment he had some interest in the property attached.

1. (6) After investigation under sub-section (5), the Designated Court shall pass an order either making the order of attachment passed under sub-section (1) of section 4 absolute or varying

it by releasing a portion of the property from attachment or cancelling the order of attachment:

Provided that the Designated Court shall not release from attachment any interest, which it is satisfied that the Financial Establishment or the person referred to in sub-section (1) has in the property, unless it is also satisfied that there will remain under attachment an amount or property of value not less than the value that is required for repayment of the deposits of the Financial Establishment.

1. (7) Where an application is made by any person duly authorized or constituted or specified by any other State Government under similar enactment empowering him to exercise control over any money or the property attached by that Government, the Designated Court shall exercise all its powers as if application is made under this Act and pass appropriate orders or directions on such application.

assets and payment ot depositors:

1. (1) The Designated Court shall have all the powers for giving effect to the provisions of this Act.
2. (2) Without prejudice to the generality of sub section (1), the Designated Court may-
   • (a) give any direction to the Competent Authority as if deems fit, for effective implementation of the provisions of this Act;
   • (b) approve the statement of dues of the financial establishment due from various debtors, assessment of the value of the assets of the financial establishment, finalise the list of the depositors and their respective dues.
   • (c) direct Competent Authority to take possession of any assets belonging to or in the control of the financial establishment and sell, transfer or realize the attached assets either public auction or by private sale as he deems fit depending upon the nature of assests and credit the sale proceed's thereof to the bank accounts:
   • (d) approve the necessary expenditure to be incurred by the Competent Authority for taking possession and realization of the assets of financial establishment;
   • (e) order for payment to the depositors by the Competent Authority or order for proportionate payment to the depositors in the event of the money so realized is not sufficient to meet the entire deposit liability; and
   • (f) pass any order which the Designated Court deems fit for realization of the assets of the company and repayment to the depositors of the financial establishment or on any matter or issue incidental thereof. Explanation: For the purpose of this section, the expression ''financial-establishment'' includes the directors, promoters, managers or member of said establishment or any other person whose property or assests have been attached under section 4.

1. (1) Where the assets available for attachment of a Financial Establishment-or other person referred to in section 4 are found to be less than the amount or value which such Financial Establishment is required to re-pay to the depositors and where the Designated Court is satisfied by affidavit or otherwise, that there is reasonable cause for believing that the said Fianancial Establishment has transferred (Whether after the commencement of this Act or not) any of the property otherwise than in good faith and for adequate consideration the Designated Court may by notice require any transferee of such property (whether or not he received the property directly from the said Financial Establishment) to appear on a date to be specified in the notice and show cause why so much of the transferee's property as is

equivalent to the proper value of the property transferred should not be attached.

1. (2) Where the said transferee does not appear and show cause on the specified date, or where after investigation in the manner provided in sub- section (5) of section 7, the Designated Court is satisfied that the transfer of the property to the said transferee was not in good faith and for adequate consideration, the Designated Court shall order the attachment of so such of the said transferee’s property as is in the opinion of the

Security in lieu of attachment :

Any Financial Establishment or person whose property has been or is proposed to be attached under this Act may, at been or is proposed to be attached under this Act may, at any time, apply to the Designated Court for permission to give security in lieu of such attachment and where the give security offered and given is, in the opinion of the Designated Court, satisfactory and sufficient, it may cancel the order of attachment or, as the case may be, refrain from passing an order of attachment.

1. (1) The Designated Court may, on the application of any person interested in any property attached and vested in the Competent Authority, give an opportunity to the person concerned of being heard and make such order as the Designated Court considers just and reasonable for-
   • (a) Providing from such of the property attatched and vested in the Competent Authority as the applicant claims as interest in, such as may be reasonably necessary for the maintenance of the applicant an of his family, and for the expenses connected with the defence of the applicant where criminal proceedings have been institute against him in the Designated Court under section 3; and
   • (b) Safeguarding so far as may be practicable the interests of any business affected by the attachment and in particular, the interests of any partners in such business.

1. (1) An appeal shall lie against the final order passed by the Designated Court in connection with and relation to the attachment before the High Court of the area concerned within 60 days from the date of the final order
2. (2) Any person convicted on a trial held by the

Special Public Prosecutor and Special Government Pleaders:

The Government may, by order appoint one or more Advocates of not having less than 7 years practice as Special Public Prosecutor/Special Judge of the concerned District for the purpose of conduction the cases in the Designated Court.

offences:

1. (1) The Designated Court may on perusal of the police report of the facts constituting an offence under this Act 01 upon a complaints made by an officer authorized in this behalf by the State Government, take cognizance of the offence

without the accused being committed to it for trial.

1. (2) While trying the accused person the Designated Court shall follow the procedure prescribed in the Code of Criminal Procedure 1973 for the trial of the warrant cases.
2. (3) The Designated Court will exercise the power of remand with regard to person forwarded to it as provided under Sections 167 and 309 of the Code of Criminal Procedure, 1973
3. (4) The Designated Court, while trying the offence under this Act, may also try an offence other than the offence under this Act with which, the accused may be charged at the same trial under code of Criminal Procedure, 1973
4. (5) (a) The offence punishable under this Act shall be cognizable.
   • (b) Subject to the provision contained under this Act the provision with regard to bail as provided under Chapter XXXIII of the Code of Criminal Procedure shall apply except the provision of grant of anticipatory bail as provided under

Act to override other laws:

Save as otherwise provided in this Act, the provisions of this Act shall. Have effect not withstanding anything inconsistent therewith contained in any other law for the time being in force of any custom or usage.

No suit or other proceedings shall lie against the Government or the competent authority or and officer of employee of the Government for anything which is in good faith done or intended to be done under this

Power to make rules:

1. (1) The State Government may, by notification in the Official Gazette, make rules to carry out the purpose of this Act.
2. (2) Every Rule made under this Act shall be laid, as

soon as may be, after it is made, before each

House of the State Legislature, while it is in session for a total period of thirty days, which may be comprised in one session or in two successive sessions, and if, before the expiry of the session in which it is so laid or the session immediately following, both Houses agree in making any modification in the Rules or both

Houses agree that the Rules should not be made, and notify their decision to that effect in the Official Gazette, the rule shall from the date of publication of such decision in the Official Gazette, have effect, as the case may be, so however, that any such modification or annulment shall be without prejudice to the validity of anything previously done or omitted to be done under that rule.

If any difficulty arises in giving effect to the provisions of this act, the Government may, as occasion arises, by order, do anything, not inconsistent with the provisions of this act, which appears to it to be necessary to remove the difficulty.

fcgkj jkT;iky ds vkns”k ls g0@& voj&lfpo] fof/k foHkkx] fcgkj la0 365 fcgkj tekdrkZvksa ds fgrksa dk laj{k.k ¼foÙkh; LFkkiukvksa esa½ vf/kfu;e] 2002 ¼2002 dk vf/kfu;e la[;k&18½ dh /kkjk&18 ds v/khu iznRr “kfDr;ksa dk iz;ksx djrs gq;s jkT; ljdkj] fcgkj ,rn~ }kjk fuEufyf[kr fu;ekoyh cukrh gS &

;g fu;ekoyh fcgkj tekdÙkkZvksa ds fgrksa dk laj{k.k ¼foÙkh; LFkkiukvksa esa½ fu;ekoyh] 2004 dgha tk ldsxhA

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¼[k½ ^^l{ke izkf/kdkjh** ls vfHkizsr gS vf/kfu;e dks /kkjk&5 ¼1½ ds v/khu ljdkj }kjk l{ke izkf/kdkjh ds :Ik esa fu;qDr inkf/kdkjhA ¼x½ ^^lekgÙkkZ ls vfHkizsr gSA fdlh Hkh ftys dk lekgÙkkZ vkSj blesa jkT; ljdkj }kjk] blds fy, izkf/kd`r vij lekgÙkkZ Hkh “kkfey gS A ftyk ds lekgÙkkZ vf/kfu;e dh /kkjk&4 dh mi/kkjk ¼1½ ds v/khu vius ftyk ds fdlh Hkh O;fDr ls f”kdk;rsa izkIr djus ds fy, l{ke gksxk vkSj og mls vius izfrosnu ds lkFk ;FkklEHko “kh?kz ljdkj dks vxzlkfjr djsxkA

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GOVERNMENT OF BIHAR DEPARTMENT OF INSTITUTION FINANCIAL & PROGRAMME IMPLAMENTATION NOTIFICATION Dated 28.02.2004 No. 365-In exercise of the powers conferred by section 18 of the Bihar Protection of Interests of Depositors (in Financial Establishments) Act, 2002 (Bihar Act 18 of 2002), the State Government of Bihar hereby makes the following rules, Namely- 1. Short title-Extent and Commecement:

1. (1) These rules may be called the Bihar Protection of Interest of Depositors (in Financial Establishments) Rules, 2004.
2. (2) It shall extend to whole of the State of Bihar.
3. (3) It shall come in force at once. 2. Definitions: In these rules, unless the context otherwise requires:
   • (a) ‘’Act means the Bihar Protection of Interest of Depositors (in Financial Establishments) Act, 2002 (Bihar, Act 18 of 2002).
   • (b) “Competent Authority” means the officer appointed as the Competent Authority by the Government under Section 5(1) of the Act.
   • (c) The “Collector” means collector of any district and it also includes Additional Collector as authorized by the State Government in this behalf.

3. Complaints:

The Collector of a District shall also be competent to receive the complaints from any person in his District under sub-

section (1) of section 4 of the Act and he shall forward the same together with his report to the Government as soon as possible. 4. Power to issue order of attachment:

1. (1) An order of attachment of any establishment to be issued

by the Government under section 4 of the Act shall be issued by an Officer not below the rank of a Secretary to Government in the Department of Institutional Financial and Programme Implementation.

1. (2) The Competent Authority may, on issue of the order under sub-rule (1) of Rule 9, require the necessary assistance of police officer or any officer of the government for the purpose of taking possession of the property in respect of which the attachment order has been made and on such requisition, it shall be the duty of such officer to render the necessary assistance to the Competent Authority. 5. Examination of Complainant and witnesses :
2. (1) Upon the publication of the order of attachment of money or other property by Government officer under sub-rule (1) of rule 4 such officer shall immediately forward copies of all the relevant papers and his report relating to such attachment order to the Competent Authority.
3. (2) The Competent Authority may examine the complainant and withnesses, if any, and such examination proceedings shall be recorded in writing.
4. (3) The Competent Authority shall have power to examine any person or office bearer or employees of the Financial Establishment who, in his opinion, is competent to give any information about the Financial Establishment in respect of which the attachment order has been issued by the Government.

6. Administration of the attached money and properties :

Upon the publication of the attachment order by the Government and, on the receipt of relevant papers and other record from the Government, the Competent Authority shall immediately prepare a register, recording detailed account and description of all the money and properties attached and vested in him under sub-section (2) of section 4 of the Act, and shall, as far as may be practicable, administer the said money and properties in the best interest of the Depositors and the Financial Establishment, as he deems fit.

7. Right of Competent Authority to require information :

1. (1) The Competent Authority shall have power to call for or require any information about the Financial Establishment or its office bearers including the promoter, director, partner or manager or members of

such Financial Establishment or direct any office or authority or the Government or a local authority or any other person, to furnish such information as may be required, and such Financial Establishment or its office bearer or promoter, director, partner of manager or members of such Financial Establishment or office or authority of the Government or local authority or any other person, shall forth with furnish such information to the Competent Authority.

1. (2) Any Financial Establishment/Institution intending to establish an office and operate in a district in the State of Bihar shall furnish information in writing to the office of the District Collector or any officer authorized by the State Government in this behalf, about the details of its activities, areas of operation and/or business, supported by all necessary papers. This information shall also include its registration by the Registrar of Companies of the State concerned as also about the registration and the license obtained from the Reserve Bank of India. Securities and Exchange Board of India or any other regulatory authority for the purpose aforesaid with details of its office structure and specific location/address.
2. (3) An officer in charge of the police station, when required by the Competent Authority, shall take all steps, including inquiry, investigation or survey in respect or any person, place, property, documents, books of account etc. of the Financial Establishment or promoter, director, manager, officers, servants or member of such Financial Establishment and submit his report to the Competent Authority. 8. Powers of Competent Authority relating to absconding person : Where the Competent Authority is satisfied or has reason to believe that a person in respect of whom and action is contemplated under the Act, has absconded or is likely to abscond or is concealing himself the competent Authority shall immediately make a report in writing to the Designated Court. 9. Power of Competent Authority to sell or dispose of property:
3. (1) Where any property attached and vested in the Competent Authority under the provisions of the Act is subject to speedy and nature decay and if it is expedient it, the Competent Authority may, after obtaining permission of the Designated Court, sell or otherwise dispose of the said property and shall include the sell proceeds in the account of the Financial Establishment.
4. (2) The Competent Authority shall, after disposing of the said property under sub-rule (1) report the same to the Designated Court. 10. Maintenance of the record of money or property attached:
5. (1) All money or property attached by the Government and vested in the Competent Authority under the provisions of the Act shall be sealed by the Competent Authority.
6. (2) The Competent Authority shall maintain the record of all the income received and the expenditure incurred on attachment of the property and management and disposal of the same, and furnish the details of the same to the Designated Court from time to time.

11. The Competent Authority shall render such assistance to the

Special Public Prosecutor/Special Government Pleader in conducting the cases in the Designated Court as may be required.

By the order and in the name of Governor of Bihar

Sd/- (Arbind Prasad) (Secretary to Government)

Memo No. 365 Patna, Dated: 28.02.2004

Copy forwarded to-Superitendent, Government Press, Guljarbagh, Patna-7, for publication in Extra Ordinary Gazette. Please send 100 Copies of this Gazette to undersigned.

Sd/- (Arbind Prasad) (Secretary to Government)

Memo No. 365 Patna, Dated: 28.02.2004

Copy forwarded to-Chief Secretary, Bihar, Patna/Director General of Police, Patna, Patna/All Secretary/All Head of the Department/All District Magistrate/All Superintendent of Police for information and necessary action. Sd/- (Arbind Prasad) (Secretary to Government)