THE FIRST SCHEDULE

[See section 2 (15)]

REGULATED DEPOSIT SCHEMES

(1) The Regulator and Regulated Deposit Scheme refers to the regulators and schemes and
arrangements listed in the following Table, namely:—

TABLE

Sl. No. Regulator Regulated Deposit Scheme

(1) (2) (3)
1. The Securities and Exchange (i) Any scheme or an arrangement
Board of India [as defined under section 11AA of
the Securities and Exchange Board
of India Act, 1992 (15 of 1992)]
launched, sponsored or carried out
by a Collective Investment
Management Company registered
with the Securities and Exchange
Board of India under the Securities
and Exchange Board of India
(Collective Investment Scheme)
Regulations, 1999.
(ii) Any scheme or an arrangement
registered with the Securities and
Exchange Board of India under the
Securities and Exchange Board of
India (Alternative Investment
Funds) Regulations, 2012.
(iii) Any scheme or an
arrangement, pursuant to which
funds are managed by a portfolio
manager, registered under the
Securities and Exchange Board of
India (Portfolio Managers)
Regulations, 1993.
(iv) Any scheme or an arrangement
regulated under the Securities and
Exchange Board of India (Share
Based Employee Benefits)
Regulations, 2014 or providing for
employee benefits as permitted
under the Companies Act, 2013 (18
of 2013).
(v) Any other scheme or an
arrangement registered under the
Securities and Exchange Board of
India Act, 1992 (15 of 1992), or the
regulations made thereunder.

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(1) (2) (3)
(vi) Any amount received as
contributions in the nature of
subscriptions to a mutual fund
registered with Securities and
Exchange Board of India under the
Securities and Exchange Board of
India (Mutual Funds) Regulations,
1996.
2. The Reserve Bank of India (i) Any scheme under which
deposits are accepted by
Non-Banking Financial Companies
as defined in clause (f) of section
45-I of the Reserve Bank of India
Act, 1934 (2 of 1934) and
registered with the Reserve Bank
of India; or any other scheme or an
arrangement registered under the
Reserve Bank of India Act, 1934.
(ii) Any scheme or an arrangement
under which funds are accepted by
individuals or entities engaged as
Business Correspondents and
Facilitators by banks subject to the
guidelines and circulars issued by
the Reserve Bank of India from
time to time.
(iii) Any scheme or an arrangement
under which funds are received by
a system provider operating as an
authorised payment system under
the Payment and Settlement
Systems Act, 2007 (51 of 2007).
(iv) Any other scheme or an
arrangement regulated under the
Reserve Bank of India Act, 1934 (2
of 1934), or the guidelines or
circulars of the Reserve Bank of
India
3. The Insurance A contract of insurance pursuant to
Regulatory and a certificate of
Development registration obtained in accordance
Authority of India with the Insurance
Act, 1938 (4 of 1938).
4. The State Government (i) Any scheme or an arrangement
or Union territory made or offered by a co-operative
Government society registered under the Co-
operative Societies Act, 1912 (2 of
1912) or a society being a society
registered or deemed to be
registered under any law relating to
co-operative societies for the time
being in force in any State or
Union territory

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(1) (2) (3)
(ii) Any scheme or an arrangement
commenced or conducted as a chit
business with the previous sanction
of the State Government in
accordance with the provisions of
the Chit Funds Act, 1982 (40 of
1982).
(iii) Any scheme or an arrangement
regulated by any enactment
relating to money lending which is
for the time being in force in any
State or Union territory.
(iv) Any scheme or an arrangement
by a prize chit or money circulation
scheme under section 11 of the
Prize Chits and Money Circulation
Schemes (Banning) Act, 1978 (43
of 1978).
5. The National Any scheme or an arrangement for
Housing Bank acceptance of deposits registered
under the National Housing Bank
Act, 1987 (53 of 1987).
6. The Pension Fund Regulatory and Any scheme or an arrangement
Development Authority under the Pension Fund Regulatory
and Development Authority Act,
2013 (23 of 2013).

The Employees' Provident Fund Any scheme, Pension Scheme or

7. Organisation Insurance Scheme framed under
the Employees' Provident Fund and
Miscellaneous Provisions Act,
1952 ( 19 of 1952).
8. The Central Registrar, Multi-State Any scheme or an arrangement for
Co- operative Societies acceptance of deposits from voting
members by a Multi-State Co-
operative Society registered under
the Multi-State Co-operative
Societies Act, 2002 (39 of 2002).
9. The Ministry of Corporate Affairs, (i) Deposits accepted or permitted
Government of India under the provisions of Chapter V
of the Companies Act, 2013 (18 of
2013).
(ii) Any scheme or an arrangement
under which deposits are accepted
by a company declared as a Nidhi
or a Mutual Benefit Society under
section 406 of the Companies Act,
2013 (18 of 2013).

(2) The following shall also be treated as Regulated Deposit Schemes under this Act, namely:—

(a) deposits accepted under any scheme or an arrangement registered with any regulatory body in
India constituted or established under a statute; and

(b) any other scheme as may be notified by the Central Government under this Act.

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