https://www.taxtmi.com/news?id=33348 Ordinance proposes penal provisions prohibiting coercive recovery by microfinance institutions-incorporating imprisonment and substantial fines as deterrents introduced after reported suicides and complaints-while the executive returned the measure citing regulatory excesses, disproportionate punishments relative to existing statutory penalties, and advised fuller legislative deliberation and reliance on enforcement of existing moneylenders, negotiable instruments, debt relief, penal and police laws; the government will address observations and resubmit the ordinance. en-us Sat, 08 Feb 2025 15:01:06 +0530 Sat, 08 Feb 2025 15:01:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33348 Ordinance proposes penal provisions prohibiting coercive recovery by microfinance institutions-incorporating imprisonment and substantial fines as deterrents introduced after reported suicides and complaints-while the executive returned the measure citing regulatory excesses, disproportionate punishments relative to existing statutory penalties, and advised fuller legislative deliberation and reliance on enforcement of existing moneylenders, negotiable instruments, debt relief, penal and police laws; the government will address observations and resubmit the ordinance. News - Sat, 08 Feb 2025 15:01:06 +0530 https://www.taxtmi.com/news?id=33348