Kiran pawaskar a political leader had sought a question to cm asking about the action taken by. The maharashtra protection of interest of depositors in financial establishments act, 1999 act 16 of 2000 keywords. Maharashtra protection of interest of depositers in financial establishments act, 1999 is an act of maharashtra state legislature to protect the interest of. Buy the maharashtra protection of interest of depositors act 1999 online for rs. Home shop maharashtra state law maharashtra protection of interest of depositors act 1999 and rules. Maharashtra protection of interests of depositors in financial establishments act, 1999 mpida the supreme court on monday declared as valid the maharashtra protection of interests of depositors in financial establishments act, 1999 mpida, which offers relief to depositors who have been duped by nonbanking financial institutions. Maharashtra protection of interest of depositers in financial.
Ajit prakashans maharashtra protection of interest of depositors. Tamil nadu protection of interests of depositors in. Amitabh gupta, the departments principal secretary special, issued the notification on june 18 under the maharashtra protection of interest of depositors mpid act. Buy ajit prakashans maharashtra protection of interest of depositors in financial establishments act, 1999 and rules 1999 marathi book online. The most anticipated judgment that came on thursday in the nsel crisis case, where the bombay high court had dismissed the plea by financial technologies india limited in questioning the applicability of the maharashtra protection of interest of depositors in financial establishment act mpid to the rs 5,600crore nsel payment crisis. The maharashtra protection of interest of depositors in. The maharashtra protection of interest of depositors in financial establishments act, 1999. In april, a special court for maharashtra protection of interest of depositors mpid act had rejected the regular bail applications of mr. The maharashtra protection of interest of depositors.
Maharashtra protection of interest of depositors act to. The supreme court on monday declared as valid the maharashtra protection of interests of depositors in financial establishments act, 1999 mpida, which offers relief to depositors who have been duped by nonbanking financial institutions. Read more on maharashtra protection of interest of depositors act. Notification law and judiciary department madam kama marg, hutatma rajguru chowk, mantralaya, mumbai400032. High court of bombay removes intercorporate deposits. The accused have been booked under indian penal code sections 420 cheating and 406 criminal breach of trust, and provisions of the maharashtra protection of interests of depositors mpid act. Maharashtra protection of interest of depositers in financial establishments act, 1999. This act received the assent of the president on the 20th january 2000. Relief for depositors as sc declares act valid pune news. Maharashtra protection of interest of depositors in financial establishments act, 1999. Sc upholds protection for depositors, punjab to enact law.
State of maharashtra, reported in 2005 4 ctc 705 bom. Maharashtra government gazette, part iv, on the 21st. Protection of interest of depositors in financial establishments act the state governments and their machineries have specific provisions for the recovery by attachment and sale of assets of the defaulting companies, entities or their officials in case of customer cheating by using the provisions of the act. Maharashtra protection of interest o f depositors blogs, comments and archive news on. Maharashtra protection of interest of depositors act mpid. Before his arrest, a number of other accused in this case were arrested from time to. Rules regulations notifications orders circulars statutory. Maha protection of interest o f depositors act blogs, comments and archive news on. Be it enacted by the legislature of the state of odisha in the sixtysecond year of the republic of india as follows. This also means the act will apply on all exchanges. Whereas, it is felt expedient to amend the tripura protection of interest of depositors in financial establishments act, 2000 to provide more protection to the interest of the depositors in financial establishments and to curb menace of fly by night operators aimed at defrauding the depositors. In some cases the principal act andor amendment act may not be available. Watch videos, top stories and articles on maharashtra protection of interest o f depositors act.
Maharashtra protection of interest of depositers in financial establishments act, 1999 is an act of maharashtra state legislature to protect the interest of depositers of maharashtra state in the financial establishments and matters relating thereto. Section 3 of maharashtra protection of interest of depositors in financial establishments act for short mpid act, 1999. Maharashtra protection of interests of depositors act. Depositors in financial establishments act, 2000, the governor of tripura, is hereby pleased to make the following l. Intercorporate deposit to fall outside the ambit of deposit under the maharashtra protection of interest of depositors in financial establishments act, 1999 october 30, 2019 published in. Read maharashtra protection of interest of depositors act latest news also find videos, photos and information about maharashtra protection of interest of depositors act from zeebiz.
Principal acts may or may not include subsequent amendments. The maharashtra protection of interest of depositors act. Currently, the protection of interest of depositors act already exists in various states in india. By accommodation times bureau mumbai the chief minister devendra fadnavis on wednesday told the legislative council that, the state government is taking into consideration to amend the maharashtra protection of interest of depositors act mpida to include developers. Short title and commencement 1 1 these rules may be called the tripura protection of interest of. Pursuant to the attachment by the government of maharashtra under. Maharashtra protection of interest of depositors in. Current publications maharashtra protection of interest. Displaying categorized search results for maharashtra protection of interests of depositors act advance search.
Watch videos, top stories and articles on maharashtra protection of interest of depositors act. Maharashtra protection of interest of depositors act. Short title and commencement 1this act may be called the maharashtra protection of interest of depositors in financial establishments. Sections 420, 468, 471 and 120b read with section 34 of indian penal code section 58 reserve bank of india act 1934. Protection of interest of depositors in financial establishments act, 1999. It has been published in the state gazette on july 17. Maha protection of interest o f depositors act latest breaking news, pictures, videos, and special reports from the economic times. Kulkarni and his wife considering the magnitude of. While every care has been taken in the preparation of this between the lines to ensure its accuracy at the time of publication, vaish associates advocates assumes no.
Wikiproject india maharashtra this article is within the scope. Maharashtra protection of interests of depositors in financial. Prabhakar dattatraya gune vs 5 the state of maharashtra on. Know about bank of maharashtra scam 2018 latest scam india. Interest of depositors in financial establishment act, 1999 mpid act and the directions of the honble. An act to protect the interest of depositors in the financial. Bombay high court the provisions of the maharashtra protection of interest of depositors act for short mpid act, were applied to the facts of the case. Maharashtra protection of interests of depositors in. Maharashtra attaches four properties linked to dsk group. Maharashtra protection of interest o f depositors news. The maharashtra protection of interest of depositors in financial establishments act, 1999 and rules 1999 by sunil dighe advocate, high. Mizoram protection of interest of depositors act, 2002 as amended. Latest and breaking news on maharashtra protection of interest o f depositors. Bombay dentists rules, 1951 bombay devadasis protection rules, 1959.
A special mpid maharashtra protection of interest of depositors act court would hear on tuesday the anticipatory bail application of joseph. An amendment to the maharashtra protection of interest of depositors act mpid, 1999, now includes in its ambit companies incorporated under the companies act. Buy online current publications maharashtra protection of interest o f depositors in financial establishments act, 1999 only at. The tripura protection of interest of depositors in. In exercise of the powers conferred by subsection 1 of section 6 of the maharashtra protection of interest of depositors. Maharashtra protection of interest of depositors act 1999.
And whereas it is expedient to replace the maharashtra protection of interest of depositors in financial establishments continuance ordinance, 1999 by an act of the state legislature. A day after the supreme court upheld the validity of the protection of interests of depositors in financial establishments act 2004 by the pondicherry assembly, the punjab cabinet cleared the decks to bring about a similar act to protest the interest of investors against fraud by financial establishments. For statement of objects and reasons, see maharashtra government gazette, part va, p. New rules to protect depositors in state the hindu. Full text of the gujarat protection of interest of. Maharashtra protection of interest o f depositors latest breaking news, pictures, videos, and special reports from the economic times. The maharashtra protection of interest of depositors act 1999 by bare act. Maharashtra protection of interest of depositors act 1999 and rules. Maharashtra protection of interest of depositers in. Maharashtra protection of interest of depositors news. Fadnavis said the maharashtra protection of interest of depositors in financial establishments act, 1999, mpid approved by the maharashtra government, had been ratified by the supreme court but added that they had realized its shortcomings, namely, those relating to. In this act, unless the context otherwise requires. Maharashtra protection of interest of depositors in financial establishments act. It is hereby enacted in the fiftieth year of the republic of india as follows.
369 629 342 242 1347 411 1148 98 1182 100 653 203 1380 397 74 876 1566 833 834 875 1143 264 962 1170 662 1669 1430 1362 1086 1200 447 796 1525 1329 317 1268 1390 533 574 1291 1378