The Banning of unregulated Deposit Schemes Act, 2019

The Banning of Unregulated Deposit Schemes Act, 2019 (BUDS Act) provides a comprehensive legal framework to prevent, penalize, and regulate unregulated deposit schemes in India. This book offers a structured and authoritative presentation of the Bare Act along with allied provisions, ensuring legal clarity and practical applicability.

The Act defines unregulated deposit schemes and empowers authorities to investigate, attach, and recover assets in cases of unauthorized deposit-taking. It specifies offences, penalties, and imprisonment for promoters of illegal schemes and includes provisions for protection of depositors’ interests. It also delineates enforcement powers of regulatory authorities including the Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI).

This publication explains procedural aspects, compliance requirements, and legal recourse available under the Act. Designed for lawyers, regulators, financial professionals, and students, it is an essential resource for understanding financial fraud prevention, investor protection, and enforcement of regulatory laws in India.

With a clear structure and practical focus, this book ensures easy navigation of statutory provisions, making it invaluable for both academic study and professional application in financial and criminal law contexts.