Insurance Cover for Public Deposits by Companies

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..... Insurance Cover for Public Deposits by Companies
News and Press Release
Dated:- 18-12-2013

There is an enabling provision in Section 73 (2) (d) of the Companies Act whereby Companies per .....

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..... mitted to accept deposits from the public will be required to "provide such deposit insurance in such manner and to such extent as may be prescribed". Giving this information in written reply to a que .....

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..... stion in the Rajya Sabha, Shri Sachin Pilot, Minister for Corporate Affairs, said that the operationalization of this provision would require framing of suitable rules in consultation with the Reserve .....

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..... Bank of India.
News - Press release - PIB .....

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