MLM News

Ministry of Corporate Affairs: No proposal to set up a central institution

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A question was asked in Raja Sabha about the central institution to enforce the provisions of the Act “The Prize Chits and Money Circulation Schemes (Banning) Act, 1978” all over India under central government.

To this Minister of State for Corporate Affairs Shri R.P.N. Singh in reply to a written question in the Rajya Sabha on 13-August, 2012 said that there is no proposal to set up a central institution to enforce the provisions of the Act.

Ministry of Corporate Affairs No proposal to set up a central institution

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