Mandatory Cover for Public Deposits

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..... Mandatory Cover for Public Deposits
News and Press Release
Dated:- 6-12-2013

There is an enabling provision in Section 73 (2) (d) of the Companies Act whereby Companies permitted to acce .....

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..... pt deposits from the public will be required to "provide such deposit insurance in such manner and to such extent as may be prescribed". Giving this information in written reply to a question in the L .....

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..... ok Sabha, Minister of Corporate Affairs, Shri Sachin Pilot, said that the operationalization of this provision would require framing of suitable rules in consultation with the Reserve Bank of India.

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..... R> News - Press release - PIB .....

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