26-11-2012
MCA Drafts Action Plan To Minimize Frauds
In a move to protect investors and minimize corporate frauds, the Ministry of Corporate Affairs is all geared up to draft an Action Plan aimed at preventing the fly-by night operators from duping the innocent investors. The Plan, among other things, includes identification of the best practices from US and UK and their incorporation into government schemes/policies, strengthening of SFIO, spreading awareness through information modules. The Action Plan aims at establishment of an early warning system.
SOURCE : timesofindia.indiatimes.com
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