Section 22: Punishment for contravention of section 4

Q: What does Section 22 of The Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act) deal with?

Section 22 BUDS Act pertains to "Punishment for contravention of section 4". It is part of the The Banning of Unregulated Deposit Schemes Act, 2019, a legislation enacted by the Parliament of India. Section 22 of The Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act) prescribes punishment for contravention of section 4. As verified on 19 May 2026.

Q: Is Section 22 BUDS Act still in force?

Yes, Section 22 of the The Banning of Unregulated Deposit Schemes Act, 2019 is currently in force across the Republic of India.

Q: What is धारा 22 BUDS Act?

धारा 22 BUDS Act is the Devanagari Hindi reference for Section 22 of the The Banning of Unregulated Deposit Schemes Act, 2019. Section 22 of The Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act) prescribes punishment for contravention of section 4. As verified on 19 May 2026.

Q: What is Dhara 22 BUDS Act?

Dhara 22 BUDS Act is the Roman Hindi reference for Section 22 of the The Banning of Unregulated Deposit Schemes Act, 2019. "Dhara" means "Section" in Hindi. Section 22 of The Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act) prescribes punishment for contravention of section 4. As verified on 19 May 2026.

Q: How to cite Section 22 of The Banning of Unregulated Deposit Schemes Act, 2019?

Cite as: "Section 22, The Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act)" in legal briefs. For academic writing, use the BlueBook format: The Banning of Unregulated Deposit Schemes Act, 2019, § 22 (India).

Law on Tips Editorial Board

- Any deposit taker who contravenes the provisions of section 4 shall be punishable with imprisonment for a term which may extend to seven years, or with fine which shall not be less than five lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits made out of the fraudulent default referred to in said section, whichever is higher, or with both.