(1) The Central Government may, having regard to the objects of this Act, and if it considers necessary or expedient so to do, by notification, add to, or as the case may be, omit from the First Schedule, any scheme or arrangement, and on such addition, or omission, such scheme or arrangement shall become, or cease to be, a Regulated Deposit Scheme, as the case may be.
(2) A copy of every notification issued under this section shall, as soon as may be after it has been issued, be laid before each House of Parliament.
(2) A copy of every notification issued under this section shall, as soon as may be after it has been issued, be laid before each House of Parliament.
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More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Banning of Unregulated Deposit Schemes.Section 4 · Fraudulent default in Regulated Deposit Schemes.Section 5 · Wrongful inducement in relation to Unregulated Deposit Schemes.Section 6 · Certain scheme to be Unregulated Deposit Scheme.Section 7 · Competent Authority.Section 8 · Designated Court.India Code, Government of India. Text fetched 16 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.