|
Rajya Sabha
The Expert Committee to suggest effective measures for depositors’ protection is yet to submit its interim or final report to the Government. The Committee held its first meeting on August 5, 2005. The Committee’s briefis to suggest ways to regulate the Nidhi companies to ensure protection of depositors.
The Government set up an Expert Group on Nidhi Companies on June 3, 2005 under the chairmanship of Shri A.R. Rao, IRS (Retd.). Its members include senior officials of the Ministry of Company Affairs, the Reserve Bank of India, Mumbai, a Chennai-based senior advocate and a retired Managing Director of the State Bank of Mysore.
This information was given by the Minister of Company Affairs, Shri Prem Chand Gupta in the Rajya Sabha today.
SMK/ls
|
