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Chapter II Banning of Unregulated Deposit Schemes 3. Banning of Unregulated Deposit Schemes.- On and from the date of commencement of this Act,- (a) the Unregulated Deposit Schemes shall be banned; and (b) no deposit taker shall, directly or indirectly, promote, operate, issue any advertisement soliciting participation or enrolment in or accept deposits in pursuance of an Unregulated Deposit Scheme.    |
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