Cabinet approves Promulgation of the Banning of Unregulated Deposit Schemes Ordinance, 2019

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..... Cabinet approves Promulgation of the Banning of Unregulated Deposit Schemes Ordinance, 2019
News and Press Release
Dated:- 20-2-2019

The Union Cabinet chaired by Prime Minister Narendra .....

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..... Modi has approved the Promulgation of Unregulated Deposit Schemes Ordinance, 2019. Benefits: The proposed Ordinance will immediately tackle the menace of illicit deposit taking activities in the cou .....

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..... ntry launched by rapacious operators, which at present are exploiting regulatory gaps and lack of strict administrative measures to dupe poor and gullible people of their hard-earned savings, by altog .....

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..... ether banning unregulated deposit taking schemes, and having adequate provisions for punishment and disgorgement / repayment of deposits in cases where such schemes nonetheless manage to raise deposit .....

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..... s illegally.
News - Press release - PIB .....

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