STOCK MARKET BSE NSE

Bill to protect small investors gets Presidents nod

Published: 14th August 2013 11:49 AM  |   Last Updated: 14th August 2013 11:49 AM   |  A+A-

President Pranab Mukherjee on Tuesday  gave assent to the Odisha Protection of Interest of Depositors (in financial establishment) Bill, 2011. The Bill contains extensive safeguards for protecting small investors from fraudulent financial entities.

 The Assembly had passed the Odisha Protection of Interest of Depositors (in financial establishment) Bill on December 17, 2011. It was sent to the Ministry of Home Affairs by the Governor’s secretariat on April 3, 2012.

 With Opposition Congress and BJP announcing plans to make chit fund fraud a poll issue, Chief Minister Naveen Patnaik had written to Union Home Minister Sushilkumar Shinde seeking his intervention for an early Presidential assent to the Bill protecting depositors’ interests.

Stay up to date on all the latest Odisha news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp