(i) where upon complaints received from a number of depositors, that any financial establishment has defaulted the return of deposits after maturity; or
(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;
Section 3 • The Goa Protection of Interests of Depositors (in Financial Establishments) Act, 1999
3. Attachment of properties on default of return of deposits.
the-goa-protection-of-interests-of-depositors-in-financial-establishments-act-1999-sec-3.json
•
Section 3
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"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;",
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