The President promulgates ‘The Bannning of Unregulated Deposit Schemes Ordinance, 2019’. The Ordinance will tackle the menace of unregulated deposit-taking activities. It bans unregulated deposit-taking schemes. The new law prescribes adequate provisions for punishment and disgorgement or repayment of deposits in cases where such schemes manage to raise deposits illegally.
from taxmann.com News https://www.taxmann.com/topstories/222330000000018016/the-president-promulgates-‘the-bannning-of-unregulated-deposit-schemes-ordinance-2019’.aspx
No comments:
Post a Comment