Business Other News 15 Aug 2016 New rules asked for ...

New rules asked for Ponzis

DECCAN CHRONICLE.
Published Aug 15, 2016, 1:16 am IST
Updated Aug 15, 2016, 1:28 am IST
Committee would expect this proposed legislation to plug once and for all the regulatory loopholes and gaps in the financial services industry.
Parliamentary standing committee on Finance has asked government to bring legislation to check ponzi schemes like Saradha scams in the winter session of Parliament.
 Parliamentary standing committee on Finance has asked government to bring legislation to check ponzi schemes like Saradha scams in the winter session of Parliament.

New Delhi: Parliamentary standing committee on Finance has asked government to bring legislation to check ponzi schemes like Saradha scams in the winter session of Parliament. “The committee would like the Central law on unauthorised deposits and related matters be expedited so that a    comprehensive bill can be introduced in the Parliament at least during the winter session.  

The committee would expect this proposed legislation to plug once and for all the regulatory loopholes and gaps in the  financial services industry,” said the report.

 

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT