Fraudulent Investment Operations

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..... Fraudulent Investment Operations
News and Press Release
Dated:- 13-12-2013

An Inter-Ministerial Group (IMG) was constituted on 1st May, 2013 under the Chairmanship of Additional Secretar .....

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..... y, (Financial Services) in the Department of Financial Services, Ministry of Finance for proper enforcement of regulatory framework for Non-Banking Finance Companies (NBFCs) and companies running Coll .....

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..... ective Investment Schemes (CIS) and also to suggest a coordinated approach so that the problem of unauthorized collection of deposit or money by entities is addressed. The task of the Group was to add .....

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..... ress issues for re-evaluating the regulatory framework for Multi-level Marketing Companies, Non-Banking Financial Companies and companies running Collective Investment Schemes and for safeguarding aga .....

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..... inst non-recurrence of events where unregistered entities defalcate the moneis collected by these entities. This was stated by Minister of State for Finance, Shri Namo Narain Meena, in written reply .....

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..... to a question in the Lok Sabha today.
News - Press release - PIB .....

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