Banning of Unregulated Deposit Schemes Act, 2019 alongwith Prize Chits & Money Circulation Schemes (Banning) Act, 1978

This consolidated bare-act edition brings together two critical statutes combating fraudulent deposit mobilization and money-circulation schemes: the Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act) and the Prize Chits & Money Circulation Schemes (Banning) Act, 1978. Presented verbatim with numbered sections, headings and an efficient index, the book offers ready access to provisions that define prohibited conduct, empower investigating authorities to attach assets and initiate prosecution, prescribe penalties and interim relief for victims, and lay down procedural safeguards and appellate routes. The 2019 Act focuses on contemporary unregulated deposit platforms and investor protection mechanisms, while the 1978 Act addresses traditional prize-chits and money-circulation arrangements — together providing comprehensive coverage of India’s statutory toolkit against deposit frauds. Designed for regulatory officers (MCA/RBI/Police/ED), legal practitioners prosecuting or defending such matters, consumer-protection NGOs, compliance teams at financial firms, and academics researching financial crime and regulation, this volume aids drafting charge sheets, advising victims, conducting due diligence, and preparing policy or academic analyses. Product-page tips: list the exact sections commonly cited, include edition/ISBN details, add a downloadable table-of-contents preview and implement FAQ schema (e.g., “What is an unregulated deposit?” “Which authority enforces the Act?”) to improve search visibility and buyer confidence.