Karnataka Protection Oe Interest of Depositors in Financial Establishments Act, 2004 Complete Act - Bare Act

StateKarnataka Government
Year2004
Act Info:
Preamble 1 - KARNATAKA PROTECTION OE INTEREST OF DEPOSITORS IN FINANCIAL ESTABLISHMENTS ACT, 2004
Chapter I
Section 1 - Short title and commencement
Section 2 - Definitions
Chapter II
Section 3 - Attachment of properties on default of return of deposits
Section 4 - Power to enter premises and inspect certain documents
Section 5 - Competent Authority
Section 6 - Duties and powers of Competent Authority
Section 7 - Assessment of assets and deposit liabilities
Section 8 - Report by the Competent Authority
Chapter III
Section 9 - Fraudulent default by financial establishment
Chapter IV
Section 10 - Special Court
Section 11 - Powers of the Special Court regarding realisation of assets and payment to depositors
Section 12 - Powers of Special Court regarding attachment
Section 13 - Attachment of property of mala fide transferees
Section 14 - Security in lieu of attachment
Section 15 - Administration of property attached
Section 16 - Appeal
Section 17 - Special Public Prosecutor
Section 18 - Procedure and powers of Special Court regarding offences
Chapter V
Section 19 - Act to override other laws
Section 20 - Protection of action taken in good faith
Section 21 - Power to make rules
Section 22 - Power to remove difficulties