https://www.taxtmi.com/news?id=2201 Protection of depositors relies on the RBI Act, 1934 for NBFC regulation and prohibitions on unincorporated bodies accepting deposits, supplemented by state laws modelled on the Tamil Nadu Act imposing stringent penal provisions on promoters who default; institutionalized State Level Co-ordination Committees enhance monitoring and restriction of unauthorized deposit-taking. en-us Fri, 02 Sep 2011 18:35:26 +0530 Fri, 02 Sep 2011 18:35:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2201 Protection of depositors relies on the RBI Act, 1934 for NBFC regulation and prohibitions on unincorporated bodies accepting deposits, supplemented by state laws modelled on the Tamil Nadu Act imposing stringent penal provisions on promoters who default; institutionalized State Level Co-ordination Committees enhance monitoring and restriction of unauthorized deposit-taking. News - Fri, 02 Sep 2011 18:35:26 +0530 https://www.taxtmi.com/news?id=2201