The Goa Protection of Interests of Depositors (in Financial Establishments) Act, 1999

{
    "id": 16457,
    "slug": "the-goa-protection-of-interests-of-depositors-in-financial-establishments-act-1999",
    "title": "The Goa Protection of Interests of Depositors (in Financial Establishments) Act, 1999",
    "short_title": "The Goa Protection of Interests of Depositors (in Financial Establishments) Act, 1999",
    "act_number": "(Goa Act 10 of 1999)",
    "act_year": 1999,
    "act_type": "STATE",
    "location": "Goa",
    "law_status": "unknown",
    "enactment_date": null,
    "description": "The Goa Protection of Interests of Depositors (in Financial Establishments) Act, 1999",
    "preamble": "",
    "section_label": "Section",
    "sections": [
        {
            "number": "1",
            "title": "1. Short title and commencement.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 0
        },
        {
            "number": "2",
            "title": "2. Definitions.",
            "chapter": null,
            "content": "(a) \"competent authority\" means the authority appointed by the Government under section 4;\n(b) \"deposit\" means the deposit of a sum of money made with a financial establishment for a fixed period, for interest or return of any kind;\n(c) \"financial establishment\" means an individual, an association of individuals or a firm carrying on the business of receiving deposits under any Scheme or arrangement or in any other manner but does not include a company registered under the Companies Act, 1956, or 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 section 5(c) of the Banking Regulation Act, 1949 (Central Act X of 1949) or a non-banking financial company as defined in clause (f) of section 45-I of the Reserve Bank of India Act, 1934 (Central Act 2 of 1934);\n(d) \"Government\" means the Government of Goa.\nChapter II",
            "footnote": "",
            "is_definition": true,
            "sort_order": 1
        },
        {
            "number": "3",
            "title": "3. Attachment of properties on default of return of deposits.",
            "chapter": null,
            "content": "(i) where upon complaints received from a number of depositors, that any financial establishment has defaulted the return of deposits after maturity; or\n(ii) where the Government has reasons to believe that any financial establishment is acting in a calculated manner with an intention to defraud the depositors;",
            "footnote": "",
            "is_definition": false,
            "sort_order": 2
        },
        {
            "number": "4",
            "title": "4. Competent authority.",
            "chapter": null,
            "content": "Chapter III",
            "footnote": "",
            "is_definition": false,
            "sort_order": 3
        },
        {
            "number": "5",
            "title": "5. Default in repayment of deposits and interests honouring the commitment.",
            "chapter": null,
            "content": "Chapter IV",
            "footnote": "",
            "is_definition": false,
            "sort_order": 4
        },
        {
            "number": "6",
            "title": "6. Special Court.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 5
        },
        {
            "number": "7",
            "title": "7. Powers of Special Court regarding attachment.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 6
        },
        {
            "number": "8",
            "title": "8. Attachment of property of mala fide transferees.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 7
        },
        {
            "number": "9",
            "title": "9. Security in lieu of attachment.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 8
        },
        {
            "number": "10",
            "title": "10. Administration of property attached.",
            "chapter": null,
            "content": "(a) providing from such of the property attached as the applicant claims an interest in such sums as may be reasonably necessary for the maintenance of the applicant and of his family and for expenses connected with the defence of the applicant where criminal proceedings have been instituted against him in the Special Court under section 5;\n(b) safeguarding, so far as may be practicable, the interest of any business affected by the attachment and in particular, the interest of any partners in such business.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 9
        },
        {
            "number": "11",
            "title": "11. Appeal.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 10
        },
        {
            "number": "12",
            "title": "12. Special Public Prosecutor.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 11
        },
        {
            "number": "13",
            "title": "13. Procedure and powers of Special Court regarding offences.",
            "chapter": null,
            "content": "Chapter V",
            "footnote": "",
            "is_definition": false,
            "sort_order": 12
        },
        {
            "number": "14",
            "title": "14. Act to have overriding effect.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 13
        },
        {
            "number": "15",
            "title": "15. Power to make rules.",
            "chapter": null,
            "content": "(b) All notifications issued under this Act shall, unless they are expressed to come into force on a particular day, shall come into force on the day on which they are published.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 14
        }
    ],
    "metadata": {
        "Act ID": "goa138",
        "Act Number": "(Goa Act 10 of 1999)",
        "Enactment Date": "",
        "Act Year": "1999",
        "Short Title": "The Goa Protection of Interests of Depositors (in Financial Establishments) Act, 1999",
        "Type": "STATE",
        "Location": "Goa"
    },
    "updated_at": "2026-09-29 21:55:19"
}