Banning of unregulated deposits Ordinance Passed- Its effects & the Law

Banning of unregulated deposits Ordinance – Individual or group of individuals can’t take any deposit or loan from any person.

The Government of India has issued The Banning of Unregulated Deposit Schemes Ordinance 2019 on 21.02.2019. Pursuant to this ordinance now any Individual or group of individuals can’t take any deposit or loan from any person other than relatives and Partnership firm can take deposit or loan from relatives or partner or partners only.

 

http://www.legalexpertsindia.net/wp-content/uploads/2019/02/Banning-of-unregulated-deposits-Ordinance.pdf

 

Banning of unregulated deposits Ordinance

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