The Uttarakhand Protection of Interests of Depositors (in Financial Establishments) (Repeal) Act, 2025
The Uttarakhand Protection of Interests of Depositors (in Financial Establishments) (Repeal) Act, 2025
General20253 sections
This law formally removes the Uttarakhand Protection of Interests of Depositors (in Financial Establishments) Act, 2005 from the books. It applies to the state of Uttarakhand and targets the previous legislation designed to safeguard people who deposit money in financial institutions. The main reason for this repeal is to update or remove the old law. However, the law includes savings provisions ensuring that the repeal does not undo any actions already taken, rights already acquired, or legal proceedings that have already started, effectively keeping the legal system stable while removing the old statute.
PDF: pending for this language.