💨 Abstract
The Banning of Unregulated Deposit Schemes Act 2019 (BUDS Act) was enacted to protect investors from fraudulent deposit schemes. However, the Act includes capital market products like equities, mutual funds, and Alternative Investment Funds (AIFs) within its definition of "regulated deposit schemes", despite these products lacking the assurance of repayment.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
Suggested
Eleven more Ukrainian children return home from Russia, Russian-held areas
Israel strikes military bases, infrastructure in Syria
Trump announces 10% tariff on all countries, effective April 5
Brazil announces auto industry executive as COP30 climate champion
Putin envoy Dmitriev, Trump envoy Witkoff meet in Washington
Auto Workers for Trump founder Brian Pannebecker backs President's tariffs
"All lines crossed in Gaza": UNRWA Commissioner-General
Dozens of Palestinians killed, wounded in Israeli bombing of Gaza Strip
Austria taking preventive measures to counter risk of foot-and-mouth disease
Trump announces 10% tariff on all imports, with higher rates for some countries
Powered by MessengerX.io