Section 21 of BUDS Act : Section 21: Punishment For Contravention Of Section 3

BUDS Act

JavaScript did not load properly

Some content might be missing or broken. Please try disabling content blockers or use a different browser like Chrome, Safari or Firefox.

Explanation using Example

Imagine a company, QuickReturns Ltd., that advertises a new investment scheme promising exceptionally high returns within a short period. They claim that the investment is for a revolutionary technology project. This entices many individuals to invest their savings. However, QuickReturns Ltd. has not registered this scheme with any regulatory authority, making it an unregulated deposit scheme as per the law.

Under Section 21 of The Banning of Unregulated Deposit Schemes Act, 201...

Login to access all pages and read more content.

To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.

🚀 Special Offer! Enjoy 1 Year of Ad-Free Browsing with any subscription.
KanoonGPT is now faster and smarter, powered by upgraded servers.
Subscribe today and unlock all new features!
Update: Discover how KanoonGPT revolutionizes legal research! Watch our demo video on the homepage to see how you can chat with various legal sections using our innovative hybrid AI search. Enjoy free unlimited AI access for a limited time!
Update: Page bookmarking and open in new tab is now supported! Simply use your browser's bookmark manager to save this page for quick access later.
Update: All Judiciary Acts to be available within a week.

Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app

Kanoon Library Android App - Play Store LinkKanoon Library iOS App - App Store Link