mpid act

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    Six-Month Deadline Proposed for Property Attachment in Investor Fraud Cases

    Mumbai, March 24 – Chief Minister Devendra Fadnavis announced on Tuesday in the state Assembly that the government has proposed an amendment to the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999 (MPID Act), to ensure a faster and more effective tool for...
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    Police Investigate ₹1.78 Crore Share Scheme Fraud in Thane

    Thane, February 27 A case has been registered against two men in Thane city, Maharashtra, for allegedly defrauding 12 people of ₹1.78 crore by luring them to invest in a bogus share market scheme promising high returns, police said on Friday.Based on a complaint lodged by a woman from Bhandup...
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