Financial Establishment definition

Financial Establishment means any organization that is authorized to do business under state or federal law and that holds a demand deposit, savings deposit, or other asset account belong- ing to an individual.

Financial Establishment means any person or a 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 (Central Act X of 1949);

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 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 No. X of 1949);

Examples of Financial Establishment in a sentence

• Notification has been published in Official Gazette dated 7th May 2016 under Maharashtra Protection of Interest of Depositors in Financial Establishment Act, 1999 attaching the properties of the Company, its Subsidiary Companies and its Directors.

• Minister to beg leave of the House to introduce “The Mizoram Protection of Interests of Depositors (in Financial Establishment) (Amendment) Bill, 2011”.

• The Mission used national, provincial and district production data and combined this with information obtained from household farmer’s interviews and community focus-group discussions.

• A Special Court is functioning for exclusive trial of cases under the Tamil Nadu Protection of Interests of Depositors (in Financial Establishment) Act, 1997.

• Any Financial Establishment or person whose property has been or is about to be attached under this Act may, at any time, apply to the Special Court for permission to give security in lieu of such attachment and where the security offered and given is, in the opinion of the Special court, satisfactory and sufficient, it may cancel the ad-interim order of attachment or, as the case may be, refrain from passing the order of attachment.

More Definitions of Financial Establishment

Financial Establishment means the use of land for the primary purpose of providing finance, investing money, and providing services to lenders, borrowers and investors on a direct and regular basis;

Financial Establishment means a building, or part thereof, which is used to provide for financial services in which money is deposited, kept, lent or exchanged, including accessory clerical functions and shall include a bank, trust company, credit union or other similar banking service.

Financial Establishment means any person or a group of individuals or a firm or a company incorporated under the Companies Act 1956 carrying on business of receiving deposits under any scheme or arrangement or in any other manner and will include any other Non-Banking Financial Companies 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”.2

Financial Establishment means an individual or an association of individuals or a firm, or a company registered under the Companies Act, 2013 and carrying on the business of receiving deposits under any scheme or arrangement or in any other manner and includes the

Financial Establishment means any organiza- tion that is authorized to do business under state or federal law and that holds a demand deposit, savings deposit, or other asset account belonging to an individual.

Financial Establishment means any person accepting deposit under any scheme or arrangement or 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

Financial Establishment means any person or a group of individuals or a corporate body or a partnership firm including the director, promoter, partner, manager or member of the said establishment accepting deposit under any scheme or arrangement or in any other manner but does not include-