WB govt withdraws anti-ponzi scheme bill, promises revised one
30 Sep 2013 10:24 PM GMT
The West Bengal government has withdrawn a bill aimed at protecting interests of depositors from chit funds that was awaiting Presidential assent following objections from the Centre and promised to get back with a new one.
The West Bengal Protection of Interest of Depositors in Financial Establishments Bill, 2013, which was passed by the state assembly following uproar over the Saradha chitfund scam, has been withdrawn after the Finance Ministry raised objections on a few points and sought clarification from the state government.
‘The West Bengal government conveyed to us that it would get back with a new legislation allaying all apprehensions and clarifications,’ a senior
 official said.
The West Bengal Protection of Interest of Depositors in Financial Establishments Bill, 2013, which was passed by the state assembly following uproar over the Saradha chitfund scam, has been withdrawn after the Finance Ministry raised objections on a few points and sought clarification from the state government.
‘The West Bengal government conveyed to us that it would get back with a new legislation allaying all apprehensions and clarifications,’ a senior
 official said.
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