CS chairs 28th SLCC on NBFCS

The Northlines - - KATHUA - NL COR­RE­SPON­DENT SRI­NA­GAR, OCT 12

Chief Sec­re­tary, B B Vyastues­day chaired the 28th meet­ing of the State Level Co­or­di­na­tion Com­mit­tee (SLCC) on Non­bank­ing Fi­nan­cial Com­pa­nies (NBFCS) and Un-in­cor­po­rated Bodies (UIBS) con­vened by the Re­serve Bank of In­dia (RBI). Of­fi­cer-in-charge, RBI Jammu, Shri P. Shim­rah, Prin­ci­pal Sec­re­tary Home, R K Goyal, Prin­ci­pal Sec­re­tary Fi­nance, Naveen K Choud­hary, IGP Crime, J&K, Alok Puri and se­nior of­fi­cers from RBI, SEBI, Regis­trar of Co­op­er­a­tives (RCS) and State Govern­ment par­tic­i­pated in the meet­ing. Chief Sec­re­tary stressed on greater co­or­di­na­tion between the reg­u­la­tors and law en­force­ment agen­cies to pre­vent un­scrupu­lous com­pa­nies from lur­ing in­vestors and dup­ing them of their hard earned money. He un­der­scored the need to pro­tect the in­ter­ests of pub­lic from un­scrupu­lous en­ti­ties and to take strin­gent ac­tion, wher­ever, re­quired. Chief Sec­re­tary em­pha­sized on con­duct­ing In­vestor Aware­ness Pro­grammes and giv­ing wide pub­lic­ity about such er­rant com­pa­nies for gen­eral pub­lic aware­ness. He em­pha­sized on strength­en­ing cy­ber se­cu­rity wings and ad­vised cre­at­ing aware­ness of the same amongst the law en­forc­ing au­thor­i­ties in view of ris­ing eco­nomic of­fences. The Com­mit­tee also re­viewed the sta­tus of ac­tion taken against cer­tain delin­quent en­ti­ties and un­scrupu­lous com­pa­nies be­sides sta­tus of for­ma­tion of a Sub-com­mit­tee of SLCC to share mar­ket in­tel­li­gence.

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