The Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999 (MPID)
Author
Sunil Dighe, Advocate, High Court
Year
July 2026 Edition
Why Choose This Book?
This updated practice-oriented edition is an essential reference on the Maharashtra Protection of Interest of Depositors (MPID) Act, 1999. It incorporates the amendments introduced by Maharashtra Act No. 35 of 2026 dated 22 July 2026 and includes the MPID Rules, concise explanatory notes, important judicial decisions, and relevant appendices. The book also examines the interaction of the MPID Act with the IPC, Bharatiya Nyaya Sanhita (where applicable), IBC, SARFAESI Act, PMLA, RBI directions, and the Banning of Unregulated Deposit Schemes framework, making it a valuable resource for litigation and enforcement.
About the Book
This publication provides the complete text of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999 along with the Rules, 1999, updated through 22 July 2026. It features short notes, important case law, and practical appendices covering attachment of properties, refund of deposit amounts, jurisdictional issues, default bail, investigation by the Economic Offences Wing, constitutional validity of the Act, and remedies available under the MPID framework. The inclusion of RBI Master Directions on commercial banks and NBFC deposits, along with the Banning of Unregulated Deposit Schemes Act and Rules, makes this a comprehensive reference for advocates, prosecutors, investigators, judicial officers, financial institutions, and law students.
Related Subjects
- Criminal Law
- Financial Frauds & Economic Offences
- Banking & Financial Laws
- Depositor Protection Laws
- Maharashtra State Laws
Website Hashtags
#MPIDAct #MaharashtraLaws #EconomicOffences #FinancialFraud #DepositorProtection #BankingLaw #CriminalLaw #SnowWhitePublications #SunilDighe #July2026Edition #9789347446283
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Caveat Legalis
While every effort has been made to ensure the accuracy of this listing, readers should refer to the latest official notifications, amendments, and judicial pronouncements. This publication is intended as a legal reference and should not be treated as a substitute for professional legal advice.
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