Deposit regulation expanded: applicability widened beyond firms and deposit definition clarified; penalty amount increased. Amendment to section 269T expands sub section (2) to apply to 'other person' in addition to firms, increases the penalty amount by substitution, and replaces Explanation clause (ii) to define 'deposit' as any deposit of money repayable after notice or after a period and, for persons other than companies, to include deposits of any nature.
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Provisions expressly mentioned in the judgment/order text.
Amendment to section 269T expands sub section (2) to apply to "other person" in addition to firms, increases the penalty amount by substitution, and replaces Explanation clause (ii) to define "deposit" as any deposit of money repayable after notice or after a period and, for persons other than companies, to include deposits of any nature.
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