- A prize chit or a money circulation scheme banned under the provisions of the Prize Chits and Money Circulation Scheme (Banning) Act, 1978 shall be deemed to be an Unregulated Deposit Scheme under this Act.
Chapter IIB — anning of Unregulated Deposit Schemes
Section 6
Certain scheme to be Unregulated Deposit Scheme
Printed from Law on Tips • The Banning of Unregulated Deposit Schemes Rules, 2020