Cabinet has approved the Banning of Unregulated Deposit Schemes Bill, 2019 and it will replace the Banning of Unregulated Deposit Schemes Ordinance, 2019. The Banning of Unregulated Deposit Schemes Bill, 2019 would replace the Ordinance promulgated on 21st February 2019.
The main motive of banning the bill is to:
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The Union Cabinet, chaired by Hon'ble Prime Minister Shri Narendra Modi, has given its approval…
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