Section 2: Definitions

Q: What does Section 2 of The Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997 (TNPID) deal with?

Section 2 TNPID pertains to "Definitions". It is part of the The Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997, a legislation enacted by the Parliament of India. Section 2 of The Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997 (TNPID) defines definitions. As verified on 19 May 2026.

Q: Is Section 2 TNPID still in force?

Yes, Section 2 of the The Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997 is currently in force across the Republic of India.

Q: What is धारा 2 TNPID?

धारा 2 TNPID is the Devanagari Hindi reference for Section 2 of the The Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997. Section 2 of The Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997 (TNPID) defines definitions. As verified on 19 May 2026.

Q: What is Dhara 2 TNPID?

Dhara 2 TNPID is the Roman Hindi reference for Section 2 of the The Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997. "Dhara" means "Section" in Hindi. Section 2 of The Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997 (TNPID) defines definitions. As verified on 19 May 2026.

Q: How to cite Section 2 of The Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997?

Cite as: "Section 2, The Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997 (TNPID)" in legal briefs. For academic writing, use the BlueBook format: The Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997, § 2 (India).

Law on Tips Editorial Board

- In this Act, unless the context otherwise requires:-

(1)

"Competent authority " means the authority appointed under section 4;

(2)

"deposit " means the deposit of money either in one lump sum or by instalments made with the Financial Establishment for a fixed period, for interest or for return in any kind or for any service;

(3)

"Financial Establishment " means an individual, an association of individuals, a firm or a company registered under the companies Act, 1956 (Central Act 1 of 1956) carrying on the business of receiving deposits under any scheme or arrangement or in any other manner but does not include a corporation or a co-operative society owned or controlled by any State Government: or the Central Government, or a banking company as defined in section 5(c) of the Banking Regulation Act 1949 (Central Act X of 1949).

(4)

"Government " means the State Government.

CHAPTER - II