https://www.taxtmi.com/news?id=16868 The revised draft proposes a statutory framework to prohibit unregulated deposit schemes and enhance protection of depositors' interests, addressing gaps in oversight of deposit taking activities through prohibitory measures, depositor safeguards, and administrative or legislative tools. The draft is the product of prior review including an Inter Ministerial Group report and has been reissued for public consultation to refine scope, definitions, enforcement mechanisms, and institutional roles. en-us Fri, 18 Nov 2016 17:18:40 +0530 Fri, 18 Nov 2016 17:18:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16868 The revised draft proposes a statutory framework to prohibit unregulated deposit schemes and enhance protection of depositors' interests, addressing gaps in oversight of deposit taking activities through prohibitory measures, depositor safeguards, and administrative or legislative tools. The draft is the product of prior review including an Inter Ministerial Group report and has been reissued for public consultation to refine scope, definitions, enforcement mechanisms, and institutional roles. News - Fri, 18 Nov 2016 17:18:40 +0530 https://www.taxtmi.com/news?id=16868