Vidhi Codex

Bare Act

Uttarakhand Uttaranchal Protection of Interests of Depositors (In Financial Establishments) Rules, 2009

General200911 rules

This law protects people who deposit money into financial institutions like banks or chit funds in Uttarakhand by giving the government the power to investigate fraud and take control of the assets of these establishments. If a company is found to be defrauding depositors, the government can attach their money and property to ensure the funds are safe. A designated authority manages these seized assets to return them to the depositors. The rules also require financial institutions to provide detailed information about their operations and location to prevent fraud and ensure transparency in the state's financial sector.

Start reading →Read full ActSections
  1. 1. Short title, Extent and Commencement
  2. 2. Definitions
  3. 3. Complaints
  4. 4. Power to issue Order of Attachment
  5. 5. Examination of Complaint and Witnesses
  6. 6. Administration of the Attached Money and Properties
  7. 7. Right of Competent Authority to require Information
  8. 8. Powers of Competent Authority Relating to Absconding Person
  9. 9. Power of Competent Authority to sell or dispose of Property
  10. 10. Maintenance of the Record of Money or Property Attached
  11. 11. Help of Public Prosecutor

PDF: pending for this language.