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Mca new rules

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(Querist)
31 October 2013 MCA new rules:
All Companies collecting money from public should have a mandatory insurance cover for the collected public deposits.

Is this effective immediately or will there be a Govt Ordinance ?
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jagan

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jagan (Querist)
31 October 2013 http://www.thehindu.com/business/Economy/mandatory-cover-for-public-deposits-mooted/article5261814.ece
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Ajay Mishra

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Ajay Mishra (Expert)
31 October 2013 This rule is not in operational. It is in draft form and not approved.
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jagan

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jagan (Querist)
31 October 2013 Okay sir. Its proposed by MCA. Will it be approved thru G.O. ?
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Ajay Mishra

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Ajay Mishra (Expert)
31 October 2013 It will be approved by MCA itself.

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