Section 34
Act to have overriding effect.
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.
Save as otherwise expressly provided in this Act, the
provisions of this Act shall have effect notwithstanding anything contained in any other law for the
time being in force, including any law made by any State or Union territory.