2016

Government releases modified draft Bill to check the menace of Ponzi schemes

November 19, 2016

The government has released the revised Draft ‘Banning of Unregulated Deposit Schemes and Protection of Depositors’ Interests Bill, 2016’ to crack down on Ponzi and illegal deposit schemes to protect the interests of depositors and the connected matters. Key facts It proposes to set up an online database of...

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