Bill to regulate suspect firms
The Mamata Banerjee government is bringing a new bill in the Assembly on April 30 to regulate unscrupulous deposit companies. For this purpose, West Bengal governor M.K. Narayanan has called a special session of the state Assembly on Monday and Tuesday. This is the first time in over half-a-century that an emergency session of the Assembly is being called. The last time an emergency session was held in September 1960.
Speaker Biman Banerjee Friday sought full cooperation of all political parties. He was chairing an all-party meeting which was convened in the Assembly on Friday. Only an hour before he held this meeting in the Assembly, the old bill was sent to the Writers’ Buildings by Raj Bhavan. The bill that the Left Front had passed in 2009 was sent to Mr Narayanan Thursday evening from the Centre. The return of the old bill paved the path for the passage of the proposed bill. “We got back the bill at 1 pm and at 1.45 pm I went to Raj Bhavan to show the draft of the new bill to Mr Narayanan,” the CM said.
and seek his approval. The governor is leaving today at 5 pm. We do not want to waste a minute and bring the bill as soon as possible,” Ms Banerjee announced at the Town Hall. Before calling on the governor, the chief minister held a meeting with finance minister Amit Mitra and law minister Chandrima Bhattacharya.
On Thursday, senior officials of the finance and law departments worked till late in the night to give final touches to the draft of the new bill. At the Assembly, the Speaker said that the state government would bring in a motion to officially withdraw the old bill which will lead to the tabling of the new bill. The old bill was called the West Bengal Protection of Interests of Depositors in Financial Institutions Bill, 2009.
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