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RBI Governor launches Website सचेत to curb Illegal Collection of Deposits

RBI Governor launches Website सचेत to curb Illegal Collection of Deposits - News and Press Release - Dated:- 5-8-2016 - Initiating quick follow up and taking cases to logical conclusion by punishing the guilty is paramount to deter entities in future from carrying out unlawful activity. I hope Sachet would help regulators in doing this as much as it would help members of public in depositing their hard earned money with genuine entities by giving them timely information a .....

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curbing instances of unauthorised acceptance of deposits by unscrupulous entities. The Governor also acknowledged the role of Shri U. K. Sinha, Chairman, SEBI and State Chief Secretaries in revitalising SLCCs. The URL of the website is www.sachet.rbi.org.in Explaining the features of the website, Deputy Governor Shri S. S. Mundra said, members of the public can on the website check whether or not a particular entity seeking to accept public deposits is registered with any regulator and whether .....

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to share market intelligence and other information relating to their activities, including agenda and minutes of their meetings, across the country on a real time basis. Shri Mundra hoped that the website will act as a force multiplier and go a long way in making the functioning of SLCCs more effective and curbing the menace of unauthorised money raising activities. Shri S. Raman, Whole Time Member of SEBI was present at the launch. Shri Raman lauded the effort of launching the website and said .....

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