The Tripura Protection of Interest of Depositors (in Financial Establishment) (Repeal) Act, 2022

THE TRIPURA ACT NO.8 OF 2022

TRIPURA PROTECTION OF INTEREST OF DEPOSITORS
(IN FINANCIAL ESTABLISHMENT) (REPEAL) ACT, 2022

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PUBLISHED IN THE EXTRAORDINARY ISSUE
OF THE TRIPURA GAZETTE

Agarta/a, Monday, May 30, 2022 A. D., Jyaisthll9, 19411S. E.

Government of Tripura
Law Department

Secretariat: Agartala

No.F.8(U)-LawlLeg-1I2022/ Dated, Agartala, the 23rd May, 2022.

NOTIFICATION

The following Act of the Tripura Legislative Assembly received the assent of the
Governor of Tripura on the 20th May, 2022 and is hereby published for General information .

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The Tripura Act No.8 of 2022

TRIPURA PROTECTION OF INTEREST OF DEPOSITORS
(IN FINANCIAL ESTABLISHMENT) (REPEAL) ACT, 2022

AN

ACT

to repeal the Tripura Protection of Interest of Depositors (In
Financial Establishment) Act, 2000.

WHEREAS, the Parliament has enacted the "Banning of
Unregulated Deposit Schemes Act, 2019" (BUDS Act, 2019) and
since all the relevant provisions of the "Tripura Protection of Interest
of Depositors (In Financial Establishment) Act, 2000" have been
covered in the Banning of Unregulated Deposit Schemes Act, 2019, it
is not required to continue with the existing Tripura Protection of
Interest Depositor (In Financial Establishment) Act, 2000 and as such
it is expedient to repeal the Tripura Protection of Interest of Depositors
(In Financial Establishment) Act, 2000 (The Tripura Act No.6 of
2000);

BE it enacted by the Tripura Legislative Assembly in the
seventy-forth year of the Republic of India as follows:-

1. Short title, extent
and commencement

(1~ This Act may be called "The Tripura Protection of Interest of Depositors
(In Financial Establishment) (Repeal) Act, 2022".

(2). It shall come into force on the date of its publication in the Tripura
Gazette.

:. Repeal and Savings (1). Tripura Protection of Interest of Depositors (In Financial .
Establishment) Act, 2000 (The Tripura Act No.6 of 2000) is
hereby repealed;

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-$d.
(SOPAN CHAUDHURI)
Deputy Secretary, Law
Government of Tripura

(2) Notwithstanding such repeal, anything done or any action taken or
any document or instrument executed under the Act, so repealed
shall be deemed to have been validly done or taken or executed
under the corresponding provisions of this Act and such repeal shall
not prejudice or affect the general application of section 6 of the
General Clauses Act, 1897:

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Printed by
The Monaqer, Tripura Government Press,

Agartala.

TGPA --31-0S-2022--S0--J.c. No. 24948.