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Duty to inform Competent Authority: police must notify the designated authority upon recording offences under unregulated deposit schemes law. The provision imposes a procedural obligation that when a police officer records information about the commission of an offence under the Banning of Unregulated Deposit Schemes Act, 2019, the officer must inform the Competent Authority, creating a mandatory reporting link between police and the designated enforcement body.
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<h1>Duty to inform Competent Authority: police must notify the designated authority upon recording offences under unregulated deposit schemes law.</h1> The provision imposes a procedural obligation that when a police officer records information about the commission of an offence under the Banning of Unregulated Deposit Schemes Act, 2019, the officer must inform the Competent Authority, creating a mandatory reporting link between police and the designated enforcement body.