The House will take up the Banning of Unregulated Deposit Schemes Bill for discussion and passage on Wednesday.

When the Banning of Unregulated Deposit Schemes Bill 2018 was taken up for discussion, the House, through a voice vote, decided to refer it...

The disclaimer requirement has been introduced by way of amendments to the rules governing acceptance of deposits under the Companies Act.

Government today proposed to come out with a comprehensive central legislation to safeguard the public from getting defrauded by illicit de...

ET has learnt the panel has also sought an explanation from the department about its “inaction” as well as its future plans to contain the ...

A proposed bill to check fraudulent multi-level marketing (MLM) or ponzi schemes has been put on hold by the government.

With regulatory loopholes and multiple agencies, it has been difficult to curb the menace of ponzi or illegal money pooling schemes.

The new norms would include a detailed definition for 'money circulation schemes' to include all money-pooling activities with a corpus of ...

The DFS has earlier circulated draft amendments PCMCSB Act, 1978, to various law and enforcement agencies for their views.

In recent times, many instances of people getting defrauded by ponzi or fraudulent investment schemes have come to light.

Officials of RBI, SEBI and the govt were quizzed about the steps being taken to avoid recurrence of fraudulent money-pooling activities lik...

UK Sinha hopes that new programmes launched by PM Narendra Modi to expand financial inclusion and banking coverage across the country.

The CEIB has also suggested empowering the proposed agency to take up for investigation those cases that may have taken place in different ...

Sachin Pilot said he himself, as also other representatives from his Ministry and other central agencies, would hold meetings with judicial...

Emphasising on the need to prevent dissemination of false information to the public by the operators of illegal deposit-taking schemes.

Active involvement of state governments is very important to keep a tab on such activities and take action against the culprits, RBI said.

The government has set up an inter-ministerial group to suggest ways to tackle fraudulent money pooling activities and protect the interest...