Section 33
Publication of advertisement of Unregulated Deposit Scheme.
The Banning of Unregulated Deposit Schemes Act, 2019
About this Act
An Act to provide for a comprehensive mechanism to ban the unregulated deposit schemes, other than deposits taken in the ordinary course of business, and to protect the interest of depositors and for matters connected therewith or incidental thereto.
Where any newspaper or
other publication of any nature, contains any statement, information or advertisement promoting,
soliciting deposits for, or inducing any person to become a member of any Unregulated Deposit
Scheme, the appropriate Government may direct such newspaper or publication to publish a full and
fair retraction, free of cost, in the same manner and in the same position in such newspaper or
publication as may be prescribed.