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LaLas

ANDMRA PMDESH ACTS, ORDINANCES AND

~ h e f o l l o w i n y ~ c t o f t Andhra
he
Psadesh
Legislative Assembly which was reserved
by t h e Governor on the 25th April ,' 2003
f o r the consideration and assent of t h e
P r e s i d e n t received the assent of ( the
President on t h e 3rd J u l y ,
2003' and
the s a i d a s s e n t is hereby f i r s t p u b l i s h e d
on the 14th J u l y , 2003 in the A n d h r a
Pradesh
.
G a z e t t e for. general
infoxmation:.
. .
ACT NO.

12 :DF 2003.
.-. - . -

I
I

..
, I
AN- ACTJTO AMEND THE ANDERA PRN)ESH PRO- , .
TECTfON OF DEPOSI!MRS OF FINANCIAL.
ESTILBLISHMENTS A C T , 1999.
'

B e it enacted by t h e L e g i s l a t i v e
Assembly of t h e State of A n d h r a Pradesh
in t h e F i f t y - Z o u r t h Year; of . t h e Republic
of India as follows:Shorc title,
extent and

C O m 0 X C

ment

1. 111 This A c t may be called the , i'


A n d h r a Pradesh P r o t e c t i o n of Depositors
'

of F i n a n c i a l Establishments (Amendment)
Act,

2003.

( 2 ) I t extends to t h e w h o l e of t h e j
State of Andhra Pradesh.

( 3 ) It shall come into force on s u c h


date as t h e Government may by notifica- .
tion' appoint.

Amendment
2 . In t h e Andhra Pradesh ~ r o t e c t i o n
of see
-of Depositors of F i n a n c i a l Establishments
tiop 2. A c t , 1999, in section 2 , f o r clause(c),
k t 17
the following clause s h a l l be s u b s t i -

of

1999. t u t e d , name1y :

t l ( c ~' ~
i i n a n c i a l Establishments1 means
any person o r group of i n d i v i d u a l s aCcePking d e p o s i t under any scheme or a r r a n g e m e n t or in any o t h e r manner but does not
i n c l u d e a corporation or a c o - o p o r a t i v c
s o c i e t y owned or c o n t r o l l e d by any S t a t e

iI

, .

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