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The Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997
Act ID: 1997
The Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997
"An Act to protect the interests of depositors in financial establishments."
Table of Contents
16 Sections
Ch. 1
Full Text
S.1
Short title and commencement
S.2
Definitions
S.3
Attachment of properties on default of return of deposits
S.4
Competent authority
S.5
Default in repayment of deposits and interest honouring the commitment
S.5A
Compounding of offence
S.6
Special Court
S.7
Powers of Special Court regarding attachment, sale, realisation and distribution
S.8
Attachment of property of mala fide transferees
S.9
Security in lieu of attachment
S.10
Administration of property attached
S.11
Appeal
S.12
Special Public Prosecutor
S.13
Procedure and powers of Special Court regarding Offences
S.14
Act to override other laws
S.15
Power to make rules