https://www.taxtmi.com/news?id=13289 Proliferation of illegal collective investment schemes and unauthorised public deposit-taking by companies engaged in NBFC-like activities led to regulatory fact-finding and inter-agency coordination. The Ministry identified companies with enabling memorandum clauses for referral to the banking regulator, and investigations into chit-fund operators exposed use of multiple legal frameworks to circumvent oversight. As investor protection measures, the Ministry expanded awareness programmes and implemented enhanced disclosure norms and strengthened auditor accountability under corporate law reforms. en-us Tue, 12 Aug 2014 18:19:32 +0530 Tue, 12 Aug 2014 18:19:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13289 Proliferation of illegal collective investment schemes and unauthorised public deposit-taking by companies engaged in NBFC-like activities led to regulatory fact-finding and inter-agency coordination. The Ministry identified companies with enabling memorandum clauses for referral to the banking regulator, and investigations into chit-fund operators exposed use of multiple legal frameworks to circumvent oversight. As investor protection measures, the Ministry expanded awareness programmes and implemented enhanced disclosure norms and strengthened auditor accountability under corporate law reforms. News - Tue, 12 Aug 2014 18:19:32 +0530 https://www.taxtmi.com/news?id=13289