MCA starts investor awareness campaign against fraud schemes
Amid rising instances of common man being duped by illegal money-pooling activities, Ministry of Corporate Affairs has started tapping various platforms, including visual media, to sensitise investors from falling prey to fraudulent investment schemes.
To reach out to larger number of people, the awareness messages would be propagated through various regional languages besides Hindi and English, a Ministry official said.
Apart from the visual platform, awareness campaigns would be done through radio, Internetand mobile phone mediums. Soon, SMSes would also be sent out to the public at large advising them to take informed decisions before investing their money, he noted.
These initiatives mark a shift from the Ministry's practice of having only investor awareness programmes in different parts of the country.
According to the official, the campaigns would also focus on people in rural areas, who are mostly prone to fall prey to dubious money-collecting schemes. In this regard, the government would soon have messages, advising people against fraudulent schemes, on the back of Post Office passbooks, he added.
"From this month, we have started having tickers with messages in Hindi and English for investors on Doordarshan channel. Soon, the regional Doordarshan Kendras will be translating them into regional languages for wider reach," the official noted.
The latest initiative assumes importance against the backdrop of the government cracking down on activities that defraud investors of their money in the wake of scam perpetrated by Saradha group in West Bengal.
According to the official, the Ministry would partner with state-run BSNL to send out SMS alerts to the subscribers apart from having "audio alerts" on All India Radio.
Also, discussions are progressing with Google for having pop ups of investor awareness messages on the Internet search engine, he added.
Depending on the scale and requirement for using these mediums, the Ministry might also seek additional funds from the Finance Ministry.
Category : Corporate Law | Comments : 0 | Hits : 287
Get Free Daily Updates Via e-Mail on Income Tax, Service tax, Excise and Corporate law
- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
- Bank Branch Audit 2021 - Update on allotment of Branches
- Bank Branch Audit 2020 Updates
- Bank Branch Audit 2021 Updates
- Bank Branch Audit 2020 - Update on Allotment of Branches
- Police Atrocities towards CA in Faridabad - Its Time to be Unite
- Bank Branch Statutory Audit Updates 2019
- Bank Branch Statutory Audit Updates
- Bank Branch Audit 2022 Updates
- Bank Branch Statutory Audit Updates
- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
- ICAI notifies earlier announced CA exam dates despite pending legal challenge before SC
- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
- NFRA Slaps Rs 5 lakh Penalty on Audit Firm for lapses in Vikas WSP Audit Case
- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
- ICICI a foreign firm, subject to FDI norms: Govt
- Maha expects Rs 15 crore entertainment tax revenue from IPL
- CAG blames PMO for not acting against Kalmadi
- No service tax on visa facilitators: CBEC
- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations
- Companies Bill to be taken up in Monsoon Session
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000

Comments