Provided that no order shall be made under this section after expiry of a period of two years from the date of commencement of this Act.
(2) Every order made under this section shall be laid, as soon as may be after it is made, before the 1[Union territory of Jammu and Kashmir] Legislature.
Source footnotes
1. Substituted by S.O. 1229(E) dated 31.3.2020 for “State”.आगे पढ़ें / Continue reading
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Section 1 · Short title and commencement.Section 2 · Definitions.Section 3 · Attachment of properties on default of return of deposit.Section 4 · Competent AuthoritySection 5 · Report and return by Financial Establishment.Section 6 · Default in Repayment of deposits and interests honoring the commitment.Section 7 · Compounding of offence.Section 8 · Designated Court.India Code, Government of India. Text fetched 14 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.