Bare Act

Uttarakhand Uttaranchal Protection of Interests of Depositors (In Financial Establishments) Rules, 2015

This set of rules governs the process for protecting depositors' money in financial institutions within Uttarakhand. It outlines how the state government can seize the assets of these establishments to secure funds for people who have deposited money. The rules assign the Sub-Divisional Magistrate the responsibility of managing these attached properties and require them to gather information from the establishment's owners and employees. By providing a clear legal framework for asset seizure and management, the Act ensures that depositors' interests are prioritized and that the state can take swift action to recover funds when financial establishments fail, thereby protecting the savings of the general public.

PDF: pending for this language.