RBI ACT 1934

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Banning of Unregulated Deposit Schemes Bill, 2019

Ms. Nirmala Sitharaman, Minister of Finance, tabled the Banning of Unregulated Deposit Schemes Bill, 2019 in the Lok Sabha on July 19, 2019. The bill establishes a framework to prohibit unregulated deposit schemes and protect depositors’ interests. The Reserve Bank of India Act, 1934, the Securities and Exchange Board of India Act, 1992, and the […]

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