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UNREGULATED DEPOSIT BANS
Multi-crore ponzi scheme exposed in Karnataka: Over 40,000 investors duped in Shivananda Neelannavar fraud caseThe CID has exposed a massive Rs 2,400 crore Ponzi scheme run by Shivananda Neelannavar, defrauding over 40,000 investors. A significant po...- Unregulated lending may soon be bannedThe government is likely to introduce a bill in the upcoming monsoon session of Parliament to ban unregulated lending activities, aiming to...
- Govt proposes new law to restrict unregulated lending; violators to face 10 years of jailThe central government has introduced a bill, BULA, to combat unregulated lending. The bill proposes up to 10 years imprisonment and substa...
- Delhi HC closes case concerning law banning unregulated deposit schemesThe petitioner had moved the high court in April 2020, claiming that in spite of the law coming into force in 2019, the Delhi government wa...
- Parliament passes bill to curb ponzi schemes; protect poor investorsThe Rajya Sabha passed with voice vote the bill which would save gullible investors from ponzi schemes.
- Lok Sabha takes up bill to deal with ponzi schemesLeader of the Congress in the House Adhir Ranjan Chowdhury supported the need for this bill to save gullible investors from ponzi schemes.
- Bill introduced in Lok Sabha to check ponzi schemesThe Banning of Unregulated Deposit Schemes Bill, 2019 will replace the Ordinance on the same.
- In its first Parliament session, government plans to convert 10 ordinances into lawThe ordinances were issued in February-March this year by the previous government as these could not be converted into Acts of Parliament i...
- Unregulated Deposit Ordinance bans only Ponzi schemes not regulated depositsTo curb menace of Ponzi schemes, President Ram Nath Kovind last week promulgated the Banning of Unregulated Deposit Scheme Ordinance 2019.
- Unregulated deposit ordinance to lead to creation of central repository of registered firms: Rajiv KumarThe repository will help put a check on illicit deposit-taking activities that dupe the poor and the financially illiterate of their hard-e...
- President promulgates Unregulated Deposit Scheme OrdinanceThe Ordinance will help put a check on illicit deposit taking activities like Saradha scam and Rose Valley chit fund scam.
- Cabinet approves amendments to Banning of Unregulated Deposit Schemes BillThe bill provides for severe punishment and heavy pecuniary fines to act as deterrent
- Parliamentary panel for stringent punishment to deal with unregulated deposit schemesThe bill proposes to ban deposit takers from promoting, operating, issuing advertisements or accepting deposits in any unregulated deposit ...
- Lok Sabha refers bill to ban ponzi schemes to parliamentary standing committeeWhen the Banning of Unregulated Deposit Schemes Bill 2018 was taken up for discussion, the House, through a voice vote, decided to refer it...
- Government introduces bill to check unregulated deposits, prescribes 10-yr jailThe bill also proposes setting up of competent authorities by state governments to ensure repayment of deposits in the event of default by ...
- Bill to ban unregulated deposit schemes moved in Lok SabhaThe bill is aimed at tackling the menace of illicit deposit-taking activities in the country.
- Pause on gold savings schemesIt has to be seen whether these gold savings schemes fall under the Ponzi scheme category.
- Assured return offers by realtors and jewellers to be treated as PonziMany realtors offer "assured returns" of 12-14% till possession. Offers from jewellers allow consumers to pay 11 instalments while the 12th...
- Government proposes stringent law to check ponzi, unregulated depositsThe Union Cabinet chaired by Prime Minister Narendra Modi today gave its approval to introduce Banning of Unregulated Deposit Schemes Bill,...
- Draft bill proposes heavy penalty, jail term to curb illegal deposit schemesThe revised draft of ‘Banning of Unregulated Deposit Schemes and Protection of Depositors’ Interests Bill, 2016 seeks to provide for a comp...
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