https://www.taxtmi.com/acts?id=36322 The section appoints a Competent Authority and assisting officers by notification, authorises them to provisionally attach deposits and property where, with reasons recorded in writing and on prescribed information, they believe a deposit taker is soliciting deposits in contravention of section 3, and grants investigative powers equivalent to a civil court for discovery, summons, examination on oath, production of records and related matters. Such proceedings are treated as judicial proceedings under the Penal Code. Officers may impound records with recorded reasons and may not retain them beyond a specified period without prior Competent Authority approval, subject to Central Government rules. en-us Wed, 06 Mar 2019 14:18:26 +0530 Fri, 02 Aug 2019 13:00:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36322 The section appoints a Competent Authority and assisting officers by notification, authorises them to provisionally attach deposits and property where, with reasons recorded in writing and on prescribed information, they believe a deposit taker is soliciting deposits in contravention of section 3, and grants investigative powers equivalent to a civil court for discovery, summons, examination on oath, production of records and related matters. Such proceedings are treated as judicial proceedings under the Penal Code. Officers may impound records with recorded reasons and may not retain them beyond a specified period without prior Competent Authority approval, subject to Central Government rules. Act-Rules Indian Laws Wed, 06 Mar 2019 14:18:26 +0530 https://www.taxtmi.com/acts?id=36322