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• The Bill contains a substantive banning clause which bans Deposit Takers from promoting, operating, issuing advertisements or accepting deposits in any Unregulated Deposit Scheme.
At an appropriate time, Exim Bank, leveraging this umbrella agreement, could enter into bilateral agreement with any of these member institutions to raise resources for its business.
At an appropriate time, Exim Bank, leveraging this umbrella agreement, could enter into bilateral agreement with any of these member institutions to raise resources for its business.
The proposal will help in closing loss making companies and ensuring release of valuable assets for productive use, or for generating financial resources for developmental progress.
The proposal will help in closing loss making companies and ensuring release of valuable assets for productive use, or for generating financial resources for developmental progress.
• The Bill has adequate provisions for disgorgement or repayment of deposits in cases where such schemes nonetheless manage to raise deposits illegally.
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