Mca new rules

This query is : Resolved 

31 October 2013 MCA new rules:
All Companies collecting money from public should have a mandatory insurance cover for the collected public deposits.

Is this effective immediately or will there be a Govt Ordinance ?

31 October 2013 http://www.thehindu.com/business/Economy/mandatory-cover-for-public-deposits-mooted/article5261814.ece

31 October 2013 This rule is not in operational. It is in draft form and not approved.

31 October 2013 Okay sir. Its proposed by MCA. Will it be approved thru G.O. ?

31 October 2013 It will be approved by MCA itself.


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