Section 1 | Short Title, extent and Commencement

Section 1: Short Title, extent and Commencement

(1) This Act may be called the Banning of Unregulated Deposit Schemes Act, 2019.
(2) It extends to the whole of India *except the State of Jammu and Kashmir.
(3) It shall be deemed to have come into force on the 21st day of February, 2019