Cabinet approves new bill to ban Unregulated Deposit and Chit Funds Schemes

Cabinet approves New Bill to ban Unregulated Deposit Schemes and Chit Funds (Amendment) Bill, 2018 In a major policy initiative to protect the savings of the investors, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to introduce the following bills in the Parliament:- (a) Banningof Unregulated Deposit Schemes Bill, 2018 in parliament (b)Chit Funds (Amendment) Bill, 2018 The Banning of Unregulated Deposit Schemes Bill, 2018 The Union Cabi

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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