Thursday, July 25, 2019

Lok Sabha approves banning of Unregulated Deposit Schemes Bill

The Lok Sabha has approved the banning of unregulated deposit scheme bill, 2019. The proposed bill provides a comprehensive mechanism to ban the unregulated deposit schemes, other than deposits taken in the ordinary course of business, and to protect the interest of depositors and for matters connected therewith or incidental thereto.

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