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of <h1>State Governments Can Create Rules Under Section 38 of Banning of Unregulated Deposit Schemes Act 2019 for Better Implementation.</h1> Section 38 of the Banning of Unregulated Deposit Schemes Act, 2019 empowers State Governments or Union territory Governments, in consultation with the Central Government, to make rules for implementing the Act's provisions. These rules may address specific matters, including setting ceilings for self-help groups and purposes under certain sections, procedures for provisional property attachment by the Competent Authority, and regulations for impounding and custody of records. Additionally, the rules can cover any other prescribed matters necessary for the Act's enforcement.
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