2. Definitions.

{
    "act_title": "Andhra Pradesh Protection of Depositors of Financial Establishments Act, 1999",
    "act_slug": "andhra-pradesh-protection-of-depositors-of-financial-establishments-act-1999-1999",
    "section_label": "Section",
    "section": {
        "number": "2",
        "title": "2. Definitions.",
        "chapter": null,
        "content": "(a) \"competent authority\" means the authority appointed under Section 4:\n(b) \"deposit\" means the deposit of a sum of money either in lumpsum or instalments made with a financial establishment for a fixed period, for interest or return in any kind;\n[(c) \"Financial Establishment\" means any person or group of individuals accepting deposit under any scheme or arrangement or in any other manner but does not include a corporation or a co-operative society owned or controlled by any State Government or the Central Government or a banking company as defined under clause (c) of Section 5 of the Banking Regulation Act, 1949] .\n(d) \"Government\" means the State Government of Andhra Pradesh;\n(e) \" Notification\" means the notification published in Andhra Pradesh Gazette and the word \"notified\" shall be construed accordingly; and\n(f) \"prescribed\" means prescribed by rules made under this Act;",
        "footnote": "",
        "is_definition": true,
        "sort_order": 1
    },
    "prev_section": "1",
    "next_section": "3"
}