TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 11 of Banning of Unregulated Deposit Schemes Act requires info sharing with CBI and designated authorities.</h1> Section 11 of the Banning of Unregulated Deposit Schemes Act, 2019 mandates that the Competent Authority must share information received under section 29 with the Central Bureau of Investigation and any authority designated by the Central Government under section 9. Additionally, government bodies, regulators, tax authorities, or investigative agencies possessing information related to offenses under this Act must share it with the police or the Central Bureau of Investigation. Banking officials who suspect clients of being deposit takers in violation of the Act are required to promptly report this to the Competent Authority.
TaxTMI 
