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PONZI MENACE
GoI works with IT ministry and RBI to clamp down on Ponzi appsHistorically, scamsters have been one step ahead of regulators. What has alarmingly deepened the reach of today's faceless - and often stat...- Now Rs 2,000 cr Ponzi racket detected in West Bengal"Another Kolkata-based businessman, Shanti Surana was arrested recently from his residence at Ballygunge also in south Kolkata. Initially, ...
- Lok Sabha passes bill to ban unregulated deposit schemesThe Banning seeks to put in place a mechanism by which such depositors can be compensated.
- Bill on ponzi schemes introduced in Lok SabhaThe House will take up the Banning of Unregulated Deposit Schemes Bill for discussion and passage on Wednesday.
- 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...
- Ponzi menace: Deposit-taking companies must carry disclaimersThe disclaimer requirement has been introduced by way of amendments to the rules governing acceptance of deposits under the Companies Act.
- Budget 2016: FM Arun Jaitley proposes comprehensive central law to check ponzi menaceGovernment today proposed to come out with a comprehensive central legislation to safeguard the public from getting defrauded by illicit de...
- Parliamentary panel slams finance ministry and Sebi for ponzi proliferationET has learnt the panel has also sought an explanation from the department about its “inaction” as well as its future plans to contain the ...
- Bill to check ponzi schemes put on holdA proposed bill to check fraudulent multi-level marketing (MLM) or ponzi schemes has been put on hold by the government.
- Ponzi menace: Government starts process to plug loopholes in rulesWith regulatory loopholes and multiple agencies, it has been difficult to curb the menace of ponzi or illegal money pooling schemes.
- Government plans tighter norms to check ponzi schemes below Rs 100 croreThe new norms would include a detailed definition for 'money circulation schemes' to include all money-pooling activities with a corpus of ...
- Government to study global practices to check ponzi menaceThe DFS has earlier circulated draft amendments PCMCSB Act, 1978, to various law and enforcement agencies for their views.
- Parliamentary panel to gather public views on collective investment schemesIn recent times, many instances of people getting defrauded by ponzi or fraudulent investment schemes have come to light.
- Ponzi schemes: Lawmakers quiz regulators, ministry officialsOfficials of RBI, SEBI and the govt were quizzed about the steps being taken to avoid recurrence of fraudulent money-pooling activities lik...
- Jan Dhan Yojana to help tackle ponzi menace: UK Sinha, Sebi chiefUK Sinha hopes that new programmes launched by PM Narendra Modi to expand financial inclusion and banking coverage across the country.
- Govt mulls central oversight agency to check ponzi menaceThe CEIB has also suggested empowering the proposed agency to take up for investigation those cases that may have taken place in different ...
- Ponzi menace: Govt to sensitise police, judiciary in statesSachin Pilot said he himself, as also other representatives from his Ministry and other central agencies, would hold meetings with judicial...
- Government mulls ban on ponzi advertisements: Sachin PilotEmphasising on the need to prevent dissemination of false information to the public by the operators of illegal deposit-taking schemes.
- Ponzi menace needs better surveillance, not new regulator: RBIActive involvement of state governments is very important to keep a tab on such activities and take action against the culprits, RBI said.
- Inter- ministerial group set up to suggest ways to tackle ponzi scheme menaceThe government has set up an inter-ministerial group to suggest ways to tackle fraudulent money pooling activities and protect the interest...
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