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UNREGULATED DEPOSIT SCHEMES
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...- CBI arrests two main accused in Uttarakhand LUCC chit fund scamThe CBI has apprehended two key figures in the Rs 800 crore LUCC chitfund scam. Kishan Jain and Pankaj Jain were arrested in Mumbai. Over o...
- What happens when investors stop SIPs during crises–real investors, real panic, and the real cost of walking awayFrom a cancer diagnosis in Kolkata to a layoff in Bengaluru to Covid panic in Agra—real investors, real crises, and the real cost of walkin...
- 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.
- Bill introduced in Lok Sabha to check ponzi schemesThe Banning of Unregulated Deposit Schemes Bill, 2019 will replace the Ordinance on the same.
- Curbing ponzi schemes: As good as it can getWhile protecting small investors is at the heart of the law, it also targets the scourge of black money.
- All about the Unregulated Deposit Schemes OrdinanceThe govt has promulgated the Unregulated Deposit Schemes Ordinance 2019 to curb ponzi schemes that dupe people.
- Note ban 2.0? New deposits regulation could end up hurting manyThe Unregulated Deposit Schemes ruling is intended to protect investors from dubious outfits.
- 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.
- 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.
- 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...
- 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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