Chief Minister Shivraj Singh Chouhan in a letter to Union Minister of State for Corporate Affairs (independent charge) Sachin Pilot has informed that Madhya Pradesh government is committed to protecting interests of citizens depositing money with financial institutions. Effective steps have also been ensured in this regard.
As far as notification of Union Government’s Model Rules is concerned, it will be done only after receipt of comments/ suggestions from Reserve Bank of India.
The CM has written this letter in reply to Pilot’s letter dated February 22, 2013 in which it was urged for early notification of Money Circulatoin Scheme (Banning) Rules 2012 under Prize Chit and Money Circulation Scheme (Banning) Act 1978.
The draft rules have been sent to the Regional Director, RBI on February 15, 2013 for their comments/suggestions as required under sub-section (1) of the section 13 of Prize Chits and Money Circulation Scheme (Banning) Act 1978. These are awaited. The State Government will be in a position to notify these rules after receiving comments/suggestions from the RBI.
In his letter, the CM informed that the State Government is committed to protect interests of citizens depositing money with financial institutions. For this, the State Government has implemented MP Nikshepakon Ke Hiton Ka Sanrakshan Adhiniyam-2000. The State Government has also notified rules under the Act. Collectors have been appointed as competent authorities regarding Act’s provisions.